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Stock impact report

Israel's Ashdod port sees strategic risk from China during Gaza war [Reuters]

A.P MOLLER-MRS UNS/ADR (AMKBY) 
NASDAQ:AMEX Investor Relations: investor.maersk.com/investor-relations
Company Research Source: Reuters
In a letter seen by Reuters, the chairman of the southern Israeli port warned the head of Israel's shipping and ports authority about the actions of countries designated by the West as an "axis of evil", and said China was among them. Though close to Gaza and in range of rockets fired by the Palestinian militant group Hamas, Ashdod port has stayed open during the war in the coastal enclave. But it suffered minor disruptions at the start of the nearly four-month-old war, and three ports in Haifa, one of which is run by China's SIPG, have received any extra cargo during the conflict. Chinese container shipping lines COSCO and OOCL have suspended trade with Israel since Yemen's Houthis said they were targeting ships in the Red Sea linked to Israel, Britain or the United States in a show of solidarity with Hamas. "In practice it (China) is maintaining a trade boycott on Israel," Shaul Schneider, chairman of the board of directors of Ashdod Port, said in the Jan. 17 letter. He s Show less Read more
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