Containers of Chinese companies China Shipping and COSCO (China Ocean Shipping Company) are loaded on a container as it is leaving the port in Hamburg, Germany March 11, 2020. REUTERS/Fabian Bimmer/File Photo
CNBC: China’s largest shipper reportedly suspends trips to Israel as Red Sea tensions mount
* Chinese state-owned shipping giant Cosco suspended shipping to Israel through the Red Sea as tensions in the strategic shipping lane continue to mount, Israeli state media reported.
* The specifics of Cosco’s decision remains undisclosed, according to Israeli financial news outlet Globes.
Chinese state-owned shipping giant Cosco suspended shipping to Israel through the Red Sea as tensions in the strategic shipping lane continue to rise, Israeli state media reported.
The specifics of Cosco’s decision remain undisclosed, according to Israeli financial news outlet Globes.
Attacks on ships traversing the Red Sea by Iran-backed Houthi militants have pushed ocean freight rates higher and led to longer shipping journeys as shippers reroute to travel the long way around South Africa’s Cape of Good Hope instead.
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Update #1: Chinese shipping giant COSCO to stop visiting Israeli ports (Globes)
Update #2: Shipping Giant Halts Container Ship Sails To Israel (Zero Hedge)
WNU Editor: If Houthi attacks continue, do not be surprised if more shippers drop Israel as a client.
11 comments:
America has murdered hundreds more kids since midnight in the Gaza concentration camp.
How many has China murdered?
America has murdered hundreds more kids since midnight in the Gaza concentration camp.
How many has China murdered?
I am a 60 year old drag queen.
America has murdered hundreds more kids since midnight in the Gaza concentration camp.
How many has China murdered?
I am a 25 year old community college communist.
This could be interesting.
Israel may be learning They are gonna need their own shipping and maybe some kind of navy.
For some countries, globalism has its draw back.
another lesson for them is to be far less dependent on the U.S. With our blue water navy we could easily organize WW2 style convoys and keep trade going But the US is so leaderless they can't find their Sec of defense. Stunning.
Good luck Israel. It isn't gonna get any easier.
So what's the percentage of Israeli shipping coming in from the OTHER side of the Suez canal? As far as I know missile attacks and piracy are not yet a problem in the Med.
The Indian Navy would deal with the terrorists in Yemen, the whole world knows this, the Indian army only saw Pakistan supporting these vultures in Yemen, but it could be combined with Oman and more countries allied with Israel would form a triangle route and who knows there would be intervention in Yemen, led by Saudi Arabia, there are so many strategies and methods to eliminate the Houthis...
Egypt has some incentive to deal with the Houthies. They're about to cost them billions in canal revenue.
Eh it's just Israeli traffic. Far from worth billions. Back into your tunnel chabad.
That's obvious!!
Ask the Uighirs, remember them?
Israeli traffic for now.
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