Iranian tanker collides with Chinese ship, spills oil 1/7/2018 10:38:47 AM Iranian oil tanker collided with a Chinese ship catching fire and spilling oil BEIJING (Reuters) JANUARY 7, 2018  - A tanker carrying Iranian oil and run by the country’s top oil shipping operator was ablaze and spewing its cargo into the East China Sea on Sunday after colliding with a Chinese bulk ship, the Chinese government said. The Sanchi tanker, registered in Panama, collided with the CF Crystal about 160 nautical miles off the coast near Shanghai on Saturday, the Ministry of Transportation said in statement. The tanker’s 32 crew members were missing. It was sailing from Iran to South Korea, carrying 136,000 tonnes of condensate, an ultra light crude. That is equivalent to just under 1 million barrels, worth about $60 million, based on global crude oil prices. “Sanchi is floating and burning as of now,” the ministry said. “There is an oil slick and we are pushing forward with ...