Chinese Shipping Giant Cosco Restarts Operations to Gulf Nations
In a company statement, Cosco confirmed that new reservations can now be made for container transport from Far Eastern nations to the United Arab Emirates, Saudi Arabia, Bahrain, Qatar, Kuwait, and Iraq.
The statement cautioned, however, that bookings and shipments remain subject to change due to the “unstable situation in the Middle East.”
While Cosco did not mention restarting fuel trade or tanker operations, analysts suggest the move may indicate a partial arrangement with Iran to enable safer navigation through the Strait of Hormuz.
Earlier this month, the company had halted cargo services to and from several Gulf nations, citing rising tensions in the region.
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