EghtesadOnline: Seoul said it will soon dispatch a diplomatic team to Tehran for talks over the seizure of its tanker by Iran over environmental violations.

EghtesadOnline: US sanctions on two units of Chinese shipper COSCO hit the liquefied natural gas tanker industry on Monday as US-listed Teekay LNG said its joint venture in Russia had been “blocked” for its ties to COSCO.

EghtesadOnline: A foreign tanker smuggling fuel to neighboring Arab states was seized by Islamic Revolution Guards Corps forces in the Persian Gulf on Wednesday, according to a Sunday statement by IRGC.