COSCO Shipping Holdings: No plans to resume passage through the Strait of Hormuz for now; the Middle East route accounts for a small proportion of capacity.

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Cosco Shipping Holdings Co., Ltd. held its 2025 annual performance briefing via online interaction. Regarding the impact of conflicts in the Middle East, COSCO Shipping Holdings responded that the proportion of shipping market capacity involving Middle East routes is relatively small compared to global total capacity, so the spillover effect of capacity caused by the situation in that region is generally limited. For the company itself, the revenue from related routes accounts for a relatively small proportion of total revenue, so the impact on the company's income is currently considered to be limited.

COSCO Shipping Holdings pointed out that currently, some shipping companies in the market have not yet resumed booking orders for Middle East routes. On March 4, the company issued a notice to clients suspending new bookings for relevant Middle East routes. To meet customers’ freight needs for these routes, on March 25 the company updated its Middle East services, resuming new bookings (for ordinary containers) from Far East to Middle Eastern countries including UAE, Saudi Arabia, Bahrain, Qatar, Kuwait, Iraq, and Oman via multimodal transport.

COSCO Shipping Holdings also noted that overall market demand is gradually recovering. However, given the uncertainty of the situation in the Middle East, the arrangement of the above new booking services and actual transportation may change. Currently, the company has not considered resuming passage through the Strait of Hormuz. At the same time, the company will continue to monitor developments in the Middle East and promptly update customers on subsequent progress via its official website and customer service channels.

Source: The Paper

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