<p class="title">The benchmark freight rate for Very Large Crude Carriers from the Middle East to China jumped nearly 19% on Friday after the United States imposed sanctions on two shipping units under China's COSCO, shipping and trade sources said.</p>.<p class="bodytext">The freight rate for a supertanker on the route jumped 11-12 Worldscale points to about 75 points, the sources said.</p>.<p class="bodytext">The United States imposed sanctions on the tanker subsidiaries of China's COSCO, one of the world's largest fleet owners.</p>.<p class="bodytext">Shipping sources said up to 50 tankers could be affected by the sanctions imposed on the various entities including the COSCO subsidiaries. </p>
<p class="title">The benchmark freight rate for Very Large Crude Carriers from the Middle East to China jumped nearly 19% on Friday after the United States imposed sanctions on two shipping units under China's COSCO, shipping and trade sources said.</p>.<p class="bodytext">The freight rate for a supertanker on the route jumped 11-12 Worldscale points to about 75 points, the sources said.</p>.<p class="bodytext">The United States imposed sanctions on the tanker subsidiaries of China's COSCO, one of the world's largest fleet owners.</p>.<p class="bodytext">Shipping sources said up to 50 tankers could be affected by the sanctions imposed on the various entities including the COSCO subsidiaries. </p>