Latest news and articles about COSCO from NEX English
Reports indicate that a COSCO oil tanker has crossed the Strait of Hormuz, but oil shipping traffic remains limited. Before the outbreak of the conflict in Iran, daily crossings ranged from 125 to 140.
In a surprising move, two large container ships belonging to China's COSCO attempted to exit the Arabian Gulf through the Strait of Hormuz on Friday, only to abruptly turn back near Iran. This incident raises questions about maritime conditions in the region.
COSCO Shipping Lines has announced the resumption of new bookings for general cargo containers heading to several Middle Eastern countries, including the UAE, Saudi Arabia, Bahrain, Qatar, Kuwait, and Iraq. This move reflects a recovery in business activity in the region after a challenging period.
Iran has announced that it will permit the passage of 'non-hostile' ships through the Strait of Hormuz, raising questions about the fate of vessels coming from Gulf countries heading to Europe. This announcement comes as Chinese shipping giant COSCO resumes its bookings for several countries in the region.