China’s Shandong Port Group has issued a directive barring US-sanctioned oil vessels from accessing its network of ports, according to three traders familiar with the notice. The move could significantly impact major energy terminals along China’s east coast.
The notice, shared with Reuters by two traders and verified by a third, specifies that vessels listed on the Office of Foreign Assets Control (OFAC) list managed by the US Department of Treasury are prohibited from docking, unloading, or receiving ship services at Shandong Port Group facilities.
Affected Ports
Shandong Port Group oversees several key ports, including Qingdao, Rizhao, and Yantai, which serve as critical hubs for importing sanctioned oil into China. This ban could disrupt energy imports, particularly those involving blacklisted vessels.
Lack of Response
Shandong Port Group has not responded to requests for comment regarding the policy.
Implications
This directive aligns with global compliance trends but could strain energy trade routes and impact oil shipments handled by sanctioned vessels. The ban highlights China’s cautious approach to avoiding secondary sanctions and maintaining stability in its energy sector.
