Explainer: COSCO’s fleet expansion as geopolitical positioning

As Iran’s blockade reduces Hormuz traffic to single digits, COSCO is ordering LNG-powered vessels a bet on route recovery.
COSCO Santos

As Iran’s blockade reduces Hormuz traffic to single digits, China’s state shipping giant is ordering US$4 billion worth of LNG-powered vessels a bet on route recovery that doubles as a play for Gulf market dominance.

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