State port group and local refineries shed terminal ties in Shandong amid mounting sanction pressure
- State-owned Shandong Port Group quietly divests from joint oil terminals in Dongying port as US sanctions tighten
- Refineries obscure ties to terminals through renaming subs and share transfers
- Divestments raises questions over what vessels the terminals will receive in future
The joint venture terminals are located in Dongying port, which has emerged as a bypass point for sanctioned tankers shifting away other Shandong ports banning such services
