Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent refiners that are the biggest importers of oil from countries under U.

Shandong Port Group has prohibited U.S.-sanctioned tankers from accessing its ports in the eastern Chinese province, three traders familiar with the issue told Reuters. This region, home to many independent refiners,

The province imported about 1.74 million barrels per day (bpd) of oil from Iran, Russia and Venezuela last year, accounting for about 17 per cent of China's imports

A major Chinese terminals group has banned US-sanctioned vessels from calling at its ports. Notices obtained by traders and seen by Reuters forbid Shandong Port Group’s (SPG) staff from berthing, unloading or providing services to ships on the US sanctions list.

China's Shandong Port Group has banned U.S.-sanctioned oil vessels from its ports, following new U.S. sanctions on Iranian oil.

The eastern Chinese province is home to several independent refiners. In the last year, it imported about 1.74 million barrels per day from from Iran, Russia and Venezuela.

A decision by a major Chinese ports group to ban US-sanctioned tankers could give a “significant” boost to rates, analysts believe. Shandong Ports Group (SPG) instructed its staff not to handle calls at terminals by ships that carry oil from Iran, Venezuela and Russia.

Shandong Port Group prohibits tankers under US sanctions from entering its ports in Eastern China's province, Reuters reports. Shandong Port Group controls major ports on China's eastern coast, including Qingdao,

Shandong Port Group, one of China's largest port operators, manages ports in Shandong province where significant volumes of sanctioned oil from Russia, Iran, and Venezuela are imported. According to the company's decision,