Military Space News
TRADE WARS
Chinese shipping giant Cosco halts services to and from Gulf

Chinese shipping giant Cosco halts services to and from Gulf

by AFP Staff Writers
Beijing (AFP) Mar 4, 2026
Chinese shipping giant Cosco, which operates one of the world's biggest oil tanker fleets, announced it was suspending services to and from Gulf countries from Wednesday, including the United Arab Emirates, Bahrain, Saudi Arabia, Iraq and Kuwait.

The state-owned, Shanghai-based firm is among several major shipping groups that have halted vessel operations in the Strait of Hormuz, a key waterway for global energy transit.

Iran's Revolutionary Guards claimed total control of the strait on Wednesday as Israel launched a new wave of strikes on the Iranian capital.

Cosco Shipping Lines said it would "suspend all new bookings" for routes through the Strait of Hormuz "with immediate effect until further notice".

The company blamed the disruption on "the escalating conflicts in the Middle East region and the resultant restrictions on maritime traffic" in the strait.

New worldwide bookings bound for Bahrain, Iraq, Kuwait and parts of the UAE and Saudi Arabia have been halted, the company said in a statement.

It has also suspended services from Qatar, Bahrain, Iraq, Kuwait and parts of the UAE and Saudi Arabia.

Saudi Arabia's Jeddah, along with the UAE's Khor Fakkan and Fujairah, are excluded from the suspensions and can be reached without passage through the Hormuz Strait.

Cosco said it was closely monitoring developments in the Middle East.

Other shipping giants including Maersk and MSC have also announced they have halted operations in the region.

Related Links
Global Trade News

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TRADE WARS
Bolivians scramble to exchange banknotes after money plane crash
La Paz (AFP) Mar 3, 2026
Thousands of Bolivians rushed to banks on Tuesday to exchange banknotes at risk of being mistaken for money stolen from a military plane that crashed at the weekend, AFP reporters said. A Bolivian Air Force C-130 Hercules transport plane crashed after landing at El Alto International Airport on Friday, killing 24 people and showering the ground with banknotes. The aircraft was carrying 17.1 million notes of various denominations totaling 423 million bolivianos ($60.7 million), destined for the C ... read more

TRADE WARS
Leonardo DRS infrared payloads selected for SDA Tracking Layer Tranche 3

AST SpaceMobile secures role on MDA SHIELD defense architecture

Greenland is helpful, but not vital, for US missile defense

Netanyahu says Israel won't let Iran restore ballistic missile programme

TRADE WARS
Turkey says missile launched from Iran destroyed by NATO

Hypersonica completes milestone hypersonic missile flight test in Norway

Raytheon advances next generation short range interceptor with ballistic test

Russian strikes kill 4, wound two dozen in Ukraine

TRADE WARS
EDA taps Airbus to broaden Capa-X drone mission roles

Azerbaijan says Iran drone attack 'will not go unanswered'

Saudi Arabia intercepts drone attack targeting huge refinery: defence ministry

Gulf defences unprepared for Iranian drones, analysts say

TRADE WARS
MTN to deliver secure SpaceX government satcom for defense customers

EU brings secure GOVSATCOM hub online under GMV leadership

Balerion backs Northwood to tackle ground bottlenecks in expanding space economy

Aalyria spacetime platform tapped for AFRL space data network trials

TRADE WARS
New electrolyte design aims to make giant flow batteries safer

Aitech and Teledyne expand partnership on space grade SP1 computing platform

Gilat wins 9 million dollar MOD deal for secure defense satcom

Norway buys French bombs for Ukraine: ministry

TRADE WARS
BAE Systems posts record order backlog as defence spending rises

Canada launches huge defence plan to curb reliance on US

German foreign minister slams France over defence spending

Ukraine, Norway, Sweden top destinations for German arms exports

TRADE WARS
EU, Switzerland agree to strengthen foreign, security cooperation

Trump insists he struck Iran on his own terms

EU says 'ready' to defend interests after Trump Spain threat

US to withdraw all troops from Syria: reports

TRADE WARS
Ultrafast thermal detector pushes gigahertz performance frontier

Carbon fibers bend and straighten under electric control

Engineered substrates sharpen single nanoparticle plasmon spectra

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2026 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.