Transport Infrastructure
LSEG data shows that a tanker subject to US sanctions discharges oil in a Chinese port
Shipping data from LSEG Eikon on Thursday showed that a tanker under the new U.S. Sanctions is discharging Russian Oil at a port operated in East China by Shandong Port Group. This is the first tanker to be discharged in Shandong Province since the announcement of sanctions last week. Shandong is home to many independent Chinese refineries, which have been major importers of Russian crude oil. Those in the industry will closely monitor the implementation of the new measures. Traders said that the sanctions include a grace-period exempting cargoes unloaded and loaded before January 10 but still included a period...