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COSCO Halts Shipments to Israel in Response to Red Sea Attacks, Chinese Diplomats Renew Calls for Ceasefire

COSCO is the world's fourth largest shipping company and its decision to suspend traffic to Israel will push up the price of Chinese exports to the Jewish state, particularly EVs. Axel Heimken / AFP

China’s state-owned shipping giant COSCO will halt all operations in-and-out of Israel in response to the worsening security situation in the Red Seas, according to Israeli news site Globes.

Sunday’s announcement by the company is a major setback for the Jewish state, given how much it relies on trade with China and other Asian markets that COSCO serves.

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