Home Current News EXCLUSIVE-China-owned oil tanker changes name in apparent effort to evade U.S. sanctions

EXCLUSIVE-China-owned oil tanker changes name in apparent effort to evade U.S. sanctions

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EXCLUSIVE-China-owned oil tanker changes name in apparent effort to evade U.S. sanctionsSINGAPORE/KUALA LUMPUR, Aug 16 (Reuters) – While in the Indian Ocean heading toward the Strait of Malacca, the very large crude carrier (VLCC) Pacific Bravo went dark on June 5, shutting off the transponder that signals its position and direction to other ships, ship-tracking data showed. A U.S. government official had warned ports in Asia not to allow the ship to dock, saying it was carrying Iranian crude in violation of U.S. economic sanctions. A VLCC typically transports about 2 million barrels of oil, worth about $120 million at current prices.

Source: yahoo.com/news