COSCO

Shipping
SHA: 601919
China
COSCO

[email protected]

COSCO’ has apparent business ties to the sanctioned Iranian entity, Petrochemical Commercial Company (“PCC”). According to the PCC website, PCC offers tracking of COSCO containers (PCC, “Tracking”).

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"On Sept. 25, the U.S. imposed sanctions on five Chinese individuals and two Chinese COSCO Shipping Corp subsidiaries, saying they had shipped Iranian crude oil in violation of the sanctions. Days later, 14 COSCO Shipping Tanker (Dalian) vessels, about one-third of its fleet, stopped sending location data from their automatic identification system (AIS) between Sept. 30 and Oct. 7, ship tracking data on Refinitiv Eikon showed." (Reuters, "U.S. 'deeply concerned' about untrackable China ships carrying Iran oil: officials," 10/16/2019).

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According to publicly available shipping information, LPG Tankers SEA DOLPHIN (IMO: 9195494) and SEA GLORIA (IMO: 9005053), technically managed by COSCO Shipping Seaman, have called at an Iranian port on two occasions, most recently in January 2019.

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As of August 27, 2019, COSCO is listed on the Illinois Investment Policy Board list of Iran restricted companies.

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According to publicly accessible ship-monitoring data, since January 1, 2016, vessels for which COSCO Shanghai is the Operator have called at Iranian ports. According to publicly accessible ship-monitoring data, since January 1, 2016, vessels for which COSCO Shipping Specialized is the Operator have called at Iranian ports.

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“While NITC continues to be the market leader in terms of the number of ships deployed for loading crude from Iran, other companies with ships loading from the country include Dynacom, Delta Tankers, Euronav, Polembros, COSCO, Avin International, Olympic Shipping and Management, New Shipping and Thenamaris, it said.” (Platts, "Tankers: Sharp Rise in Iran's Crude Oil Shipments to Europe," March 2017).

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"China's COSCO Container Lines is studying the possibility of resuming operation at Iranian ports. Wu Jinping, Director General of the Chinese International Shipping Line 'COSCO', paid a visit toIran's Shaid Rajaee port, which is the largest container port in the country, Iran's IRNA news agency reported on April 28. Wu Jinping promised to talk with senior officials of the company about resuming operation at the Iranian port. China's COSCO Container Lines, the world's 5th largest international shipping company, ended its ties with Iranin June 2013. ‘All of COSCO's business to and from Iran was suspended,’ said a Shanghai-based company official, citing a company statement saying lines to Iran stopped in early June and those leaving Iran ended in early July. The loading and unloading capacity of Iran's Shahid Rajaee port currently stands at 88 million tons.” (Trend, “China’s COSCO may return to Iran,” 4/28/14)

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"China's COSCO Container Lines, the world's number 5 player, was another firm to end ties. 'All of COSCO's business to and from Iran has been suspended,' said a Shanghai-based company official, citing a company statement saying lines to Iran stopped in early June and those leaving Iran would end in early July." (Reuters, "Chinese firms drop Iran as latest U.S. sanctions bite," 07/01/2013)

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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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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)