financetom
Business
financetom
/
Business
/
Sinopec diverts supertanker from US-sanctioned port, ship tracking data shows
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sinopec diverts supertanker from US-sanctioned port, ship tracking data shows
Oct 17, 2025 9:17 PM

(Corrects October 13 story to remove reference to Sublime China Information research note)

By Florence Tan

SINGAPORE (Reuters) -The latest U.S. sanctions on a major Chinese crude oil terminal have forced refining group Sinopec to divert a supertanker and ask some plants to cut crude processing rates, according to ship tracking data and Chinese consultancies.

A supertanker carrying oil to the Chinese port of Rizhao in Shandong province changed its destination over the weekend after the U.S. imposed sanctions on an import terminal at the port on Friday, LSEG data showed.

Consultancy, JLC, estimated on Saturday that Sinopec's October runs may drop 3.36% from earlier plans to about 5.16 million barrels per day.

Sinopec did not immediately respond to requests for comment.

LSEG data showed the supertanker New Vista, chartered by Sinopec's trading arm Unipec and originally scheduled to discharge at Rizhao on Sunday, had switched its destination to the ports of Ningbo and Zhoushan for arrival on October 15.

The New Vista can carry 2 million barrels of crude and is currently carrying Abu Dhabi's Upper Zakum crude grade.

The Rizhao Shihua Crude Oil Terminal, half-owned by a Sinopec logistics unit, was among the entities listed by the U.S. Treasury in a round of sanctions that also includes ships transporting Iranian crude oil and liquefied petroleum gas.

The terminal, in the city of Lanshan in Shandong province, a major Chinese oil refining hub, was sanctioned for receiving Iranian oil on board sanctioned vessels, the U.S. said.

One-fifth of Sinopec's crude oil imports pass through the Rizhao terminal, according to industry executives and analysts.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Informatica says it is not in any acquisition talks, updates forecast
Informatica says it is not in any acquisition talks, updates forecast
Apr 22, 2024
April 22 (Reuters) - Data-management software firm Informatica ( INFA ) is not currently engaged in any discussions to be acquired, the company said on Monday, after media reports of takeover interest from Salesforce ( CRM ). Shares of Informatica ( INFA ) were down more than 5% in early trading. Salesforce ( CRM ) backed way from its talks...
Citi managing director details 'pervasive' sexual harassment in lawsuit
Citi managing director details 'pervasive' sexual harassment in lawsuit
Apr 22, 2024
NEW YORK, April 22 (Reuters) - A Citigroup ( C/PN ) managing director said the bank failed to protect her from a supervisor's violent threats and abuse because of its pervasive culture of sexual harassment and gender discrimination, according to an amended legal filing on Monday. Ardith Lindsey, who worked as Americas head of electronic sales trading, added details to...
LuxUrban Hotels Names Elan Blutinger as Nonexecutive Chairman; Shares Rise
LuxUrban Hotels Names Elan Blutinger as Nonexecutive Chairman; Shares Rise
Apr 22, 2024
09:35 AM EDT, 04/22/2024 (MT Newswires) -- LuxUrban Hotels ( LUXH ) said Monday that Elan Blutinger has been named nonexecutive chairman of the board, effective immediately. Blutinger, who joined the company's board in February, succeeds Brian Ferdinand, the company's founder, former chief executive and biggest shareholder, LuxUrban said. Separately, LuxUrban said that Andrew Schwartz has been named to the...
EXPLAINER-Why is the US government trying to ban TikTok?
EXPLAINER-Why is the US government trying to ban TikTok?
Apr 22, 2024
(Updates with U.S. House of Representatives passing new version of legislation) WASHINGTON, April 22 (Reuters) - The U.S. House of Representatives passed a bill on Saturday that would give TikTok's Chinese owner ByteDance about a year to divest the U.S. assets of the short-video app, or face a nationwide ban. It now moves to the Senate where it could be...
Copyright 2023-2026 - www.financetom.com All Rights Reserved