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COSCO
Industry:
Shipping
Country:
China
website:
Contact Information:
Sources:
Operates as a liner in Iranian ports. (Ports and Maritime Organization: Shipping Lines which operating in Iranian Ports)
Listed by the Iranian Ports and Maritime Organization as doing business with the Iranian Arya Padideh Hasti. (Ports & Maritime Organization: Companies Affairs Department: Liners)
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"China's government can follow Japan's example and provide insurance guarantees for Chinese tankers carrying Iranian oil amid Western sanctions on Iran, top shipping conglomerate COSCO Group said on Tuesday . . . 'We need to wait until the insurance issue is solved. We are pushing for a solution right now. Without insurance cover, we wouldn't dare to ship oil from Iran,' Wei Jiafu, state-owned COSCO Group's chairman, told Reuters on the sidelines of a conference.'Japan has set a precedent, we can just follow their lead.' Wei's comments, the first from a prominent Chinese firm about Iran oil shipments, suggest China's government may be considering state guarantees for its ships to enable the world's second-biggest oil consumer to keep importing Iranian crude." (Reuters, "Govt insurance a way for China to ship Iran oil-COSCO," 7/17/12)
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