https://www.nakedcapitalism.com/2023/12/us-allies-opening-new-front-in-middle-east-with-escalation-against-houthis-over-shipping-lanes.html

On Sunday, Orient Overseas Container Line (OOCL), the Chinese state-owned fleet company, announced that it is halting all shipments to and from Israeli seaports. However, unlike its European peers, OOCL did not say it will stop sailing through the Red Sea. The implication, a shipping source comments, is that Beijing has declared its support for the Arab-led blockade of Israel, and will negotiate directly with Houthi and Yemeni officials so that OOCL vessels will be able to navigate safely through the Red Sea and into the Suez Canal, and vice versa. The commercial advantage to the Chinese is plain, the source said. Whether the Chinese Navy will send escorts for Chinese-flagged cargo vessels remains to be seen.