The Sanchi was carrying 136,000 tonnes of condensate, an ultra-light crude oil that becomes highly volatile when exposed to air and water, to South Korea.
China’s excess production capacity of both metals has emerged as a major trade irritant for the United States and Europe, prompting them to consider new steps to protect domestic industries and jobs from a flood of Chinese imports.
“We have evidence that some of the vessels engaged in these activities are owned by companies in several countries, including China,” the official said.
The dialogue is part of Chinese President Xi Jinping’s initiative for strengthening of relations and developing cooperation between the three countries.