Cosco Shipping Company Halts Vessels from Docking in Israel
China’s giant shipping company Cosco has announced suspension of all Israel-bound vessels, joining the ever-growing list of shipping companies halting shipments to the Israeli Regime, following Yemen’s pro-Palestine maritime war in the Red Sea.
Cosco currently stands at the fourth largest shipping firm in the world and even holds 11% of the trade market share.
Last year, Cosco’s new shipping route delivered China-made vehicles to the occupation entity through the port of “Eilat” (Occupied Umm al-Rashash).
The Israeli Economy will be drastically affected from Cosco’s suspension. Back in 2023, the occupation entity soared as the third largest destination for Chinese automobile exports. China-made vehicles summed up to 17.47% of all deliveries in the Chinese markets last year alone, a giant leap from 4.8% in 2022.
If you value our journalism…
TMJ News is committed to remaining an independent, reader-funded news platform. A small donation from our valuable readers like you keeps us running so that we can keep our reporting open to all! We’ve launched a fundraising campaign to raise the $10,000 we need to meet our publishing costs this year, and it’d mean the world to us if you’d make a monthly or one-time donation to help. If you value what we publish and agree that our world needs alternative voices like ours in the media, please give what you can today.
Author
Related
Netanyahu Applauded 50 Times During his 56-Minute Speech at Congress
In the midst of his orchestrated genocide in Ga-za, Israeli Prime Minister Benjamin Netanyahu was…
UAE Imprisons Dozens of Bangladeshi Nationals for Protesting Against their Home Government
In its notorious repression of freedom of speech and right to protest, the UAE has…
ICJ Declares Israel’s Presence in the Occupied Palestinian Territories as Unlawful
The ICJ has announced that the Israeli regime’s presence in the occupied Palestin-ian territories -…
