--- title: "COSCO SHIPPING stated that it is closely monitoring the developments in the Middle East situation and is evaluating all follow-up disposal plans for cargo on board" description: "COSCO SHIPPING has issued a service notice, stating that due to changes in the security situation in the Middle East and traffic restrictions in the Strait of Hormuz, it is closely monitoring the situ" type: "news" locale: "en" url: "https://longbridge.com/en/news/277455454.md" published_at: "2026-03-02T11:36:22.000Z" --- # COSCO SHIPPING stated that it is closely monitoring the developments in the Middle East situation and is evaluating all follow-up disposal plans for cargo on board > COSCO SHIPPING has issued a service notice, stating that due to changes in the security situation in the Middle East and traffic restrictions in the Strait of Hormuz, it is closely monitoring the situation and communicating with relevant authorities. Vessels that have entered the Persian Gulf will remain at anchor or at berth after completing operations under safe conditions; vessels heading to the Persian Gulf should pay attention to navigation safety and may need to reduce speed or head to safe waters. The company is evaluating follow-up disposal plans for cargo on board, including alternative unloading ports COSCO SHIPPING has issued a service notice stating that, in light of the ongoing evolution of the security situation in the Middle East and the restrictions faced by maritime traffic in the Strait of Hormuz, COSCO SHIPPING Lines is closely monitoring the developments in the region and maintaining close communication with relevant authorities and security agencies. The company has provided the following guidance regarding the current situation of vessels and cargo: Vessels that have entered the Persian Gulf should, under safe conditions, complete their scheduled port calls and operations, and then either drift or anchor in safe waters. For vessels heading towards the Persian Gulf, we have notified the relevant vessels to pay attention to navigation safety, either by reducing speed, heading to safe waters, or proceeding to designated sheltered anchorages awaiting further notice. We are assessing all follow-up disposal plans for cargo on board (including possible alternative discharge ports) and will strictly adhere to the relevant provisions in our bill of lading terms and conditions ### Related Stocks - [01919.HK - COSCO SHIP HOLD](https://longbridge.com/en/quote/01919.HK.md) - [601919.CN - Cosco Ship Hold](https://longbridge.com/en/quote/601919.CN.md) - [01138.HK - COSCO SHIP ENGY](https://longbridge.com/en/quote/01138.HK.md) - [00517.HK - COSCO SHIP INTL](https://longbridge.com/en/quote/00517.HK.md) - [600026.CN - COSCO SHIPPING Energy](https://longbridge.com/en/quote/600026.CN.md) - [01199.HK - COSCO SHIP PORT](https://longbridge.com/en/quote/01199.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Risk-on sentiment goes into hiding as US.-Iran conflict sends oil higher, stocks lower | An unsteady market now faces huge, and undefined, risks tied to a prolonged conflict in the Persian Gulf. | [Link](https://longbridge.com/en/news/277457327.md) | | Pacific Radiance Lifts FY2025 Revenue 26% on Strong Shipyard and Chartering Gains | Pacific Radiance Ltd. reported a 26% increase in FY2025 revenue to US$55.2 million, driven by a 46% rise in shipyard rev | [Link](https://longbridge.com/en/news/277308523.md) | | Adani Ports and Special Economic Zone Books 16% Increase in February Cargo Handling | Adani Ports and Special Economic Zone Books 16% Increase in February Cargo Handling | [Link](https://longbridge.com/en/news/277460662.md) | | Greece's Diana Shipping Q4 revenue declines due to vessel sales, higher drydocking days | Greece's Diana Shipping reported a decline in Q4 revenue due to vessel sales and increased drydocking days, resulting in | [Link](https://longbridge.com/en/news/277041038.md) | | Assessing DSV (CPSE:DSV) Valuation As Ship Green Agreement Puts Sustainability In The Spotlight | DSV (CPSE:DSV) has signed a two-year Ship Green framework agreement with Hapag Lloyd, aiming for a reduction of 18,000 t | [Link](https://longbridge.com/en/news/277068403.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.