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Chinese shipping giant Cosco halts services to and from Gulf

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The state-owned, Shanghai-based firm is among several major shipping groups that have halted vessel operations in the Strait of Hormuz.

BEIJING: Chinese shipping giant Cosco, which operates one of the world’s biggest oil tanker fleets, announced it was suspending services to and from Gulf countries from Wednesday, including the UAE, Bahrain, Saudi Arabia, Iraq and Kuwait.

The state-owned, Shanghai-based firm is among several major shipping groups that have halted vessel operations in the Strait of Hormuz, a key waterway for global energy transit.

Iran’s Revolutionary Guards claimed total control of the strait on Wednesday as Israel launched a new wave of strikes on the Iranian capital.

Tags:Cosco Shippingenergy transitglobal tradegulf portsgulf routeshormuz straitmaersk mscmaritime disruptionMiddle East conflictshipping suspension


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