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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 (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 VLCC typically transports about 2 million barrels of oil, worth about $120 million at current prices. On July 18, the transponder of the VLCC Latin Venture was activated offshore Port Dickson, Malaysia, in the Strait of Malacca, about 1,500 km (940 miles) from where the Pacific Bravo had last been signaling its position.

Source: Yahoo.com