TAIPEI -- The world's leading shippers all stopped deliveries to and from Russia after its invasion of Ukraine -- with one crucial exception. That, according to the London-based data analytics company GlobalData, was the industry's fourth-biggest player, China COSCO Shipping Corporation Ltd.
The Shanghai-headquartered group's continued transport of Russian crude oil to China provided "economic succor for Russia as it faces a barrage of economic sanctions," GlobalData analyst Sathiya Jalapathy wrote in March.
