COSCO Shipping: Not Currently Considering Resuming Transit Through the Strait of Hormuz

According to mainland Chinese media The Paper, COSCO Shipping Holdings held its 2025 performance briefing via online interaction on the 9th. COSCO Shipping Holdings stated that currently, some shipping companies in the global container shipping market have not yet resumed bookings for Middle East routes. In order to meet the cargo transportation needs of a vast number of customers for this flow direction, the company updated its Middle East regional services on March 25. Through multimodal transport and transshipment, it resumed new booking business (standard containers) from the Far East to Middle East countries such as the United Arab Emirates, Saudi Arabia, Bahrain, Qatar, Kuwait, Iraq, and Oman. COSCO Shipping Holdings pointed out that currently, overall market demand is gradually recovering. However, given the uncertainty of the situation in the Middle East, the arrangements for the aforementioned new booking business and the actual transportation may be subject to change. At present, the company is not yet considering resuming transit through the Strait of Hormuz. At the same time, it will continue to pay attention to the development of the situation in the Middle East and update customers on subsequent progress in a timely manner through its official website and customer service channels. COSCO Shipping is China's No. 1 ranked shipping group. According to the official website profile, as of 2024, COSCO Shipping operates a comprehensive fleet capacity of 130 million deadweight tons / 1,535 vessels, ranking No. 1 in the world. Among them, the container fleet size is 3.388 million TEU / 542 vessels, ranking among the top in the world; the bulk carrier fleet capacity is 49.826 million deadweight tons / 468 vessels, the oil and gas fleet capacity is 32.8 million deadweight tons / 251 vessels, and the general cargo and specialized fleet capacity is 7.883 million deadweight tons / 207 vessels, all ranking No. 1 in the world. (Editors: Yang Sheng-ju / Chen Cheng-kung) 1150409