Market Chatter: US-Iran War to Have Limited Impact on Cosco Shipping Ports' Network, Chairman Says

MT Newswires Live

Mar 19

The war in Iran will have a limited impact on Cosco Shipping Ports' (HKG:1199) network and overall business volume, the South China Morning Post reported Thursday, citing Chairman Zhu Tao.

The crisis could "have some impact" on the throughput of the company's terminal in Abu Dhabi, United Arab Emirates, the report said.

COSCO Shipping Ports will explore other contingency plans, such as using alternative routes in the Gulf of Oman, the report said, citing Zhu.

Shares plunged 10% during morning trading on Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1535","symbol_name":"港口运输股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2620521367","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620521367","pubTimestamp":1773893062,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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