Shipping
Israeli shipping giant ZIM to be sold for $4.2 billion to German, Israeli capitals - Calcalist
The move, which was approved by the ZIM board of directors, came after both the ZIM’s workers’ committee and senior Israeli politicians expressed opposition to the acquisition.
Maersk navigates Red Sea route again as Gaza ceasefire holds
In the eye of Storm Byron: Israeli, Cypriot, Greek authorities continue search for missing yacht
German bid for Zim with Saudi, Qatari backing raises Israel security concerns
Israel-affiliated merchant vessel hit by Iranian drone off India
The incident follows drone and missile attacks in the Red Sea by Iran-backed Houthis on commercial shipping.
Shipping firms impose extra fees as Red Sea attacks hit global trade
Cancellations and rate increases are expected to continue into the first quarter, recommends customers book 4-6 weeks in advance to ensure space on vessels.
More ships to avoid Red Sea as attacks disrupt world trade
The Houthi leader has meanwhile threatened to escalate attacks to include US naval ships, raising the prospect of a wider conflict around the Bab al-Mandab strait.
Israel's Eilat Port sees 85% drop in activity amid Red Sea Houthi attacks
Without Bab al-Mandab "you close the main shipping artery to Eilat Port. And therefore we lost 85% of total activity," CEO Gideon Golber told Reuters.
Israel's Eilat Port sees 85% drop in activity amid Red Sea Houthi attacks
Eilat, which sits adjacent to Jordan's only coastal access point at Aqaba, offers Israel a gateway to the East without the need to navigate the Suez Canal.
Houthi threats prompt shipping companies to rethink Suez Canal use
If all traffic in the Suez Canal stopped, Egypt would lose about $13 million daily, disrupting its main foreign currency income.
Shippers mask positions, weigh options amid Red Sea attacks
As a safety precaution, some vessels are attempting to mask their positions by pinging on other locations when entering the Yemen coastline, said senior freight analyst at Vortexa.
Shipping firms to avoid Suez Canal as Red Sea attacks increase
Yemen's Iranian-backed Houthi movement has been attacking vessels in response to the Gaza war on a route that allows East-West trade, and especially oil.
Egypt, US shoot down Houthi drones aimed at Israel
US destroyer downed 14 drones launched by Yemen's Houthis in the Red Sea on Saturday.
Iran-backed Houthis increase their shipping threats
Although the Houthis have been open about their attempt to blockade Israel, their threats have increased, and they are now on a daily basis.
