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Sanctions Geopolitics Containers

Pentagon’s label of Cosco as military firm signals geopolitics will keep rattling shipping

Designation of Cosco as a ‘Chinese military company’ underscores escalating US-China tensions, raising concerns over potential disruptions to global shipping markets

  • Analysis

Cosco accounts for one-sixth of total US container imports from Asia, and the Ofac sanction during Trump’s first term on just part of its tanker fleet has once pushed VLCC rates to over $200,000 per day. Pentagon’s recent move signals geopolitical tensions will continue rattling the shipping sector

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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