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Prospect of sanctions removal boosts Cosco tanker units

The share price of Cosco Shipping Energy Transport has surged by more than 10% amid speculation that the US sanction on its tanker-owning unit Cosco Shipping Tanker (Dalian) will soon be lifted

A CEST executive told Lloyd’s List that the US authorities had been &ldsuo;positive’ about taking its blacklisted subsidiary Cosco Shipping Tanker (Dalian), off the blacklist, with the company trying hard to prove its innocence of allegedly helping to smuggle Iranian oils

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