Oil Tankers Divert From China’s Rizhao Port After US Sanctions

Three supertankers that were headed for Rizhao port are now looking for alternative berths, following US sanctions on the terminal that handles around a 10th of China’s oil imports.

Two of the very large crude carriers, which can haul as much as 2 million barrels, are signaling Ningbo Zhoushan port near Shanghai as their destination, according to ship-tracking data compiled by Bloomberg. The third is now on its way to Tianjin in China’s north.