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

MT Newswires Live
03/19

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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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