Chinese shipping giant Cosco suspends Gulf shipping bookings amid Hormuz blockade
China’s state-owned shipping giant Cosco Shipping Lines, one of the world’s largest oil tanker operators, said it will suspend cargo services to and from several Gulf countries starting Wednesday, citing escalating tensions in the Middle East.
The Shanghai-based company announced it will halt all new bookings for routes passing through the Strait of Hormuz with immediate effect until further notice, as security risks intensify in the critical energy shipping corridor.
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