Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
OOCL suspends shipments to Israel following Yemeni rebel's operations

OOCL suspends shipments to Israel following Yemeni rebel's operations

Posted on December 19, 2023   |  

In response to rising threats in the Red Sea, OOCL, a shipping company from Hong Kong, announces a ban on shipments to and from "Israel."

OOCL immediately stops shipping Israeli goods, whether coming in or going out, to all places.

The decision to halt Israeli goods points to a specific boycott by OOCL, potentially isolating the occupation if other shipping companies do the same.

Challenges for Israel are mentioned, including longer shipping times and higher costs if companies choose different routes due to the shipping ban.

After the Yemeni Armed Forces' repeated operations in the Red Sea, the Mediterranean Shipping Company and CMA CGM decided to suspend passage through the Red Sea.

A.P. Moller-Maersk, the world's second-largest shipping company, had earlier announced the suspension of all container traffic through the Red Sea in response to Yemeni Armed Forces attacking container ships heading to Israeli-occupied Palestine in the Bab al-Mandab Strait.



Previous Next