China Shipping Giant Cosco Says Resumes Bookings to Some Gulf Countries

Panama's government hopes China's COSCO Shipping will reconsider its decision not to use the Balboa port at the entrance of the Panama Canal. Photo by Nicolas Koutsokostas / NurPhoto / NurPhoto via AFP
Panama's government hopes China's COSCO Shipping will reconsider its decision not to use the Balboa port at the entrance of the Panama Canal. Photo by Nicolas Koutsokostas / NurPhoto / NurPhoto via AFP

Chinese shipping giant Cosco said on Wednesday that it was resuming new bookings for container shipments to some Gulf countries, after a three-week suspension in response to the Middle East war.

The state-owned, Shanghai-based firm was among several major shipping groups that paused operations in the Strait of Hormuz, a key waterway through which one-fifth of the world’s oil and gas normally passes.

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by Agence France-Presse

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