English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 11 October 2019, 10:41 HKT/SGT
Share:
Dalian Tanker Denies the Allegation of Closing AIS

HONG KONG, Oct 11, 2019 - (ACN Newswire) - It is reported that after COSCO SHIPPING Tanker (Dalian) Co., Ltd. ("Dalian Tanker") being added to the Specially Designated Nationals ("SDNs") List by the Department of the Treasury's Office of Foreign Assets Control ("OFAC"), a total of 14 Dalian ships (including 9 VLCCs) stopped sending location data from their automatic identification system (AIS). However, the relevant personnel of COSCO SHIPPING Energy Transportation Co., Ltd. (COSCO SHIPPING Energy), the parent company of Dalian Tanker, states that the ships of Dalian Tanker have never shut off AIS, all signal transmission remain normal, and the ship operation data is public, which is available at www.shipxy.com, HiFleet, weathernews and other third-party open sources.

HiFleet shows that it has never lost track of the ships of Dalian Tanker.

On 25 September 2019, Dalian Tanker was listed in SDNs by OFAC. On September 29, COSCO SHIPPING Energy issued an announcement stating that it is comprehensively organizing its various businesses, assessing the relevant impact, and conducting various response work. In order to reassure the public, three days later, on October 1, COSCO SHIPPING Energy published on its official website a list of its owned tankers and the situation of ships under Dalian Tanker.

In early October this year, tanker freight rate skyrocketed with Time Charter Equivalent (TCE) for VLCC on the Middle-East-to-China route exceeding $120,000/day. As of October 10, A shares of COSCO SHIPPING Energy closed at 6.5 yuan, up 7.44% from the previous trading day. While H shares closed at 3.51 yuan, up 8.67% from the previous trading day. In terms of peer companies, the recent share prices of China Merchants Energy Shipping, EURONAV and Frontline are continuing to climb.



Topic: Press release summary
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
A Glimpse into BYD's Blade Battery Factory in Chongqing  
June 6, 2020 10:00 HKT/SGT
TOYOTA GAZOO Racing to Make Virtual Le Mans Debut  
June 5, 2020 16:34 HKT/SGT
Toyota Mobility Foundation to Expand Provision of Connected and Sanitized Mobility Services to support Healthcare in Indonesia in Support of the Fight against COVID-19  
June 5, 2020 16:22 HKT/SGT
Six Companies Establish R&D Joint Venture for Commercial Vehicle Fuel Cell Systems for the Creation of a Hydrogen-based Society in China  
June 5, 2020 16:01 HKT/SGT
HTSC joins hands with WWF to support 13 local teams in protecting biodiversity in the Yangtze River region  
June 5, 2020 15:38 HKT/SGT
MINY Makes Crypto Mining Affordable For Everyone  
June 5, 2020 13:00 HKT/SGT
JCB Enables Cross-Border QR-Code Payments with FIS  
June 5, 2020 09:00 HKT/SGT
Singapore's LABMED shipped over 20 million masks to meet global demand  
June 4, 2020 21:00 HKT/SGT
WARC Awards 2020 - Effective Use of Brand Purpose winners announced   
June 4, 2020 16:00 HKT/SGT
Eisai: Brain Performance (Brain-Health) Self-Check Tool "NouKNOW" to be Used in Beauty Salons  
June 4, 2020 10:43 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2020 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8575