(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The fate of at least 15 oil tankers idling off the coast of China holds the key to determining the path of global freight rates.The vessels are owned by a unit of Chinese shipping giant COSCO that was sanctioned by the U.S. in late September for carrying Iranian oil. They’ve been floating off the coast for over a month, ship-tracking data show, in limbo as owners, charterers and potential customers await clarity over the sanctions.For as long as they’re stuck …read more
Source:: Yahoo Finance
