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Sanctions Risk and Compliance Tankers and Gas

Hengli Petrochemical’s shares plunge on US sanctions despite denial of trade with Iran

  • US accused Hengli of buying Iranian oil products worth ‘billions of dollars’ via the shadow fleet
  • Hengli said it ‘has never engaged in any trade with Iran,’ vowing to overturn sanctions
  • However, the Chinese refinery’s stocks hit daily limit shortly after market open on Monday

  • News

The US sanction of Hengli has deepened shipping’s compliance dilemma, as complicated geopolitical tensions continue to fracture global trade

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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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