US gives greenlight to P&I cover for Cosco Dalian

The 16 tankers owned by Cosco Shipping Tanker (Dalian) that have been caught up in the current wave of Iran sanctions will continue to receive cover from the International Group of P&I Clubs following assurances from the US government.

While clubs have been tightlipped on the issue, TradeWinds understands that the US Office of Foreign Assets Control (OFAC) has told members of the International Group that non-US insurers are safe to cover Cosco Dalian’s fleet of owned tankers.