U.S. to lift sanctions on a Dalian unit of Chinese shipper COSCO - U.S. official

The United States on Friday will lift sanctions on at least one Dalian unit of Chinese tanker company COSCO that Washington accused of transporting Iranian oil, a U.S. official with knowledge of the matter said.

The administration of U.S. President Donald Trump blacklisted the Dalian units of COSCO on Sept. 25 in a move that pushed global freight costs to record highs and disrupted shipping markets.