By Ari Rabinovitch (Reuters) – Israel’s Transport Ministry on Tuesday said it was seeking to clarify Chinese shipper COSCO’s reported decision to halt shipping to Israel.
Israeli media this week reported that COSCO had suspended shipping to Israel. The company has declined to comment.
“The Administration of Shipping and Ports is working with the relevant parties to clarify the Chineseshipping company’s announcement to stop sailing to Israel,” the Transport Ministry said in response to a Reuters query.
Shipping lanes in the Red Sea have been disrupted by attacks carried out by Iranian-backed Houthi militants in Yemen in sympathy for Hamas, the Iranian-backed Palestinian Islamist group fighting Israel in the Gaza Strip.
Israel’s small port of Eilat on the Red Sea has seen a huge drop in activity since the Houthi attacks began in November, but that has had little impact on the domestic market as the country handles most of its trade via the Mediterranean.
(Reporting by Ari Rabinovitch; editing by Jason Neely)
(c) Copyright Thomson Reuters 2024.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,771 members that receive our newsletter.
Have a news tip? Let us know.
Australian importers are facing unprecedented challenges in container shipping, with some paying up to eleven times more for ocean freight compared to previous years, according to a new report from...
With just weeks until his inauguration, President-elect Donald Trump is making waves in the maritime world, diving into port labor disputes, the Jones Act debate, and even tensions over the...
President-elect Donald Trump took a direct shot at Panama over the weekend, calling out what he described as “exorbitant” tolls and unfair treatment of U.S. interests at the Panama Canal,...
Maritime and offshore news trusted by our 109,771 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
