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Cosco restructures LNG shipping business to avoid US sanctions

Sanctioned Cosco Shipping Tanker (Dalian) has transferred its 50% holdings in China LNG Shipping to its listed parent Cosco Shipping Energy Transport. After the ownership restructuring, the joint venture is no longer being classified as a ‘blocked person’

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But the move has not perked up CSET’s share price on both the Shanghai and Hong Kong bourses

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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