Cosco has reportedly worked with its subsidiary OOCL to halt sea shipments to Israel.
According to an Israeli publication Le Groves Yesterday, China’s national airline informed customers that it had temporarily stopped shipping goods to Israel, without giving a reason.
Meanwhile, OOCL announced on December 17, “Due to operational issues, OOCL will immediately suspend acceptance of cargo to and from Israel until further notice.”
roadster’s Attempts to reach Costco for comment were unsuccessful.
The threat of attacks by Houthi rebels in the Red Sea has forced many operators to reroute ships around the Cape of Good Hope, but they will continue to access Israel by other routes.
Houthi rebels target ships owned by Israeli citizens and those bound for Israel.
So far, no Cosco or OOCL ships have been attacked, leaving observers wondering whether Cosco’s actions were due to friendly diplomatic relations with Iran, which supplies 90% of China’s oil imports. There is.
Before shipments to Israel were suspended, Cosco operated a weekly service transporting containers to the Haifa terminal operated by Bayport Terminals, a subsidiary of Shanghai International Ports Group.
Cosco also works with Israel’s Zimline on some Asia-US East Coast and Asia-Africa services, so Zim will need to find another partner or deploy more ships. there is a possibility.
It is unclear whether Cosco’s decision will affect its auto transport service to Israel, which was launched in May to compete with Jim, as Israel’s imports of Chinese cars have increased.
In any case, Linerlytica analyst Tan Hua Joo said: roadster Cosco’s move will have a negligible impact on the company’s business, as Israeli services do not account for any substantial cargo volume.
Watch this clip of Xeneta’s Peter Sand talking about how much capacity the Cape diversion will take away from the global container shipping system.
Mr Tan said: “Cosco’s ships have now been rerouted to the Cape of Good Hope, while its partner CMA CGM is still using the Suez route, so Cosco is preparing for the resumption of transit via the Suez Canal. It is possible that they are doing so.”