China Cosco to Stop Booking Ships to Israel as Houthi Threats Grow

00:00

00:00/00:00

Listen to this article 1x

Following the attacks by Houthi rebels, hundreds of vessels are now sailing around Africa instead of through the Suez Canal. Photo: Bloomberg

(Bloomberg) — Container shipping giant China Cosco Shipping Corp. Ltd. is to stop delivering goods into Israel because of the threats and attacks that Houthi militants have made against vessels that sail there.

Amir Shani, deputy president at the Federation of Israeli Chambers of Commerce, an umbrella organization for more than 5,000 businesses, said that Cosco informed his organization’s member firms of the decision. A person with knowledge of the matter confirmed Cosco won’t take bookings into Israel from next week.