China, the biggest buyer of Iranian oil, will take steps to prevent European trade sanctions from disrupting shipments from the Persian Gulf nation, said tanker operator China Shipping Development Co.
The government has discussed ways to help shipping companies get insurance once sanctions against Iran take effect July 1, General Manager Yan Zhichong told reporters in Hong Kong today. The ministry of transport and National Development Reform Commission held special meetings on the issue, he said.
"The attitude is clear — we must make sure that the volume of our shipments will not drop," Yan said. "The government regards it as a very important issue."
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