Two Chinese Container Ships Attempt Hormuz Exit Before U-Turning

Two large container ships linked to China’s state-owned Cosco Shipping Corp. attempted to exit the Persian Gulf on Friday through the Strait of Hormuz, before making an abrupt U-turn near...

By Weilun Soon, Alfred Cang · Bloomberg Markets

Two large container ships linked to China’s state-owned Cosco Shipping Corp. attempted to exit the Persian Gulf on Friday through the Strait of Hormuz, before making an abrupt U-turn near Iran and motoring back.