Chinese delivery big reportedly suspends trips to Israel as Crimson Sea tensions mount

A container ship from China-owned Cosco Shipping on Aug. 7, 2023.

Justin Sullivan | Getty Pictures News | Getty Photos

Chinese point out-owned transport large Cosco suspended shipping and delivery to Israel by means of the Crimson Sea as tensions in the strategic shipping and delivery lane proceed to rise, Israeli state media noted.

The specifics of Cosco’s final decision keep on being undisclosed, according to Israeli financial information outlet Globes.

Attacks on ships traversing the Crimson Sea by Iran-backed Houthi militants have pushed ocean freight rates increased and led to longer shipping and delivery journeys as shippers reroute to vacation the very long way around South Africa’s Cape of Excellent Hope as an alternative.

Hong Kong-shown shares of Cosco had been down 3% on Monday.

Source

World

The number of ‘tariff’ mentions soar past ‘AI’ on earnings calls as Trump’s trade fight alters outlook

May 9, 2025

Move over artificial intelligence. There’s a new hot topic on corporate earnings calls in 2025: tariffs. The word “tariffs” has come up on more than 350 earnings calls of S & P 500 -listed companies reporting first quarter results, according to a CNBC analysis of call transcripts compiled by AlphaSense. By contrast, the term “AI” […]

World

First Chinese freight ship goods hit with Trump’s 145%-plus tariffs arriving at U.S. ports

May 9, 2025

Container ships sit docked at the Port of Los Angeles on May 06, 2025 in San Pedro, California. Justin Sullivan | Getty Images News | Getty Images The first shipping containers carrying Chinese products that are subject to President Donald Trump’s 145% tariffs have begun arriving in U.S. ports. Seven ships carrying upward of 12,000 […]

World

This consumer products stock is rushing to leave China and Wall Street is betting it can pull it off

May 9, 2025

Wall Street is optimistic SharkNinja will be able to move its sourcing completely out of China. The company, which manufactures appliances such as vacuums and the Ninja Creami ice cream maker, rallied nearly 13% on Thursday following a first-quarter earnings beat. SharkNinja raised its guidance for its fiscal-year earnings, revenue growth and adjusted EBITDA estimates. […]