Cosco arranges vessel exit as Chinese ships stream out of Hormuz
- Cosco president Lin Ji says crew and vessel safety is the top priority while working to withdraw remaining vessels from the Middle East Gulf
- Cosco-owned aframax Hua Lin Wan transited the Strait of Hormuz on May 27, the latest of more than 10 Chinese ships that Lloyd’s List Intelligence has tracked exiting the waterway recently
- Drewry’s Tim Power warns maritime resilience is under threat amid overlapping geopolitical risks
Cosco president tells Lloyd’s List the company is coordinating vessel withdrawals from the Middle East Gulf, as industry leaders warn Hormuz crisis threatens shipping resilience
