Three very large crude carriers have diverted from their original destination of the port of Rizhao in China, following the U.S. Treasury’s announcement of sanctions on the facility due to its handling of Iranian crude, Bloomberg has reported, citing shipping data. Per the data, two of the VLCCs are now en route to the port of Ningbo Zhoushan on the East China Sea, and the third is heading for the northern port of Tianjin. The vessels are carrying crude oil from Brazil, West Africa, and the UAE. Washington announced the new sanctions at the…
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