Shipping
Malaysia tightens cargo regulations, detains containers bound for Israel passing through its port
Malaysian Prime Minister Anwar Ibrahim shared the report on his X/Twitter account and made clear that his country intends to continue inspecting shipments suspected of being linked to Israel.
Gulf foreign ministers to meet with Iranian FM in push to secure deal for Strait of Hormuz - report
Fire on cargo vessel at China shipyard causes major casualties, state media reports
Brent crude rises above $100 a barrel as Middle East conflict escalates
Hapag-Lloyd to improve $4.2b. bid for ZIM after opposition from gov't, workers, company says
"We are now developing an improved proposal designed to further strengthen Israel's maritime security and independence," said Hapag-Lloyd CEO Rolf Habben Jansen.
Fighting increases in Yemen as Houthis look to al-Mandab Strait as potential pressure point
The Houthis could still threaten the key Bab al-Mandeb Strait at the entrance to the Red Sea to reduce pressure on Iran.
Two sailors killed in Iranian attack on ship in Strait of Hormuz, Saudi Foreign Ministry says
Also on Wednesday, Iran's Islamic Revolutionary Guards Corps (IRGC) said that two oil tankers hit sea mines and were disabled while attempting to transit the Strait of Hormuz.
Saudi Arabia considers introducing cheaper insurance to increase shipping in Middle East - report
Saudi Arabia, like many countries in the region, has had its economy severely impacted by the war. The Saudi Finance Ministry is considering offering a cheaper insurance option to revive shipping.
Trump: All mines cleared from Hormuz, Space Force watching nuclear sites, strait
A US official confirmed to The Jerusalem Post that both inbound and outbound shipping lanes in the strait have been cleared of mines by US Central Command (CENTCOM).
Saudi vessel attacked in Red Sea, national shipping company confirms following Houthi claims
The Houthis have carried out attacks on Saudi oil facilities and shipping in the Red Sea in recent weeks, and they claimed to have targeted Saudi oil giant Aramco facilities in Yanbu in July.
Iran advances plan to charge vessels fees for Strait of Hormuz passage
Under Articles 38 and 44 of UNCLOS, Iran cannot suspend, impede, or charge tolls for vessels passing through the Strait of Hormuz.
Amazon struggles to win Israeli shoppers while Chinese e-commerce giants dominate
And it's not because it hasn't tried. In April 2019, Amazon reached out to Israeli sellers and invited them to join the Local Delivery program.
Strait of Hormuz traffic plunges as Iran, US blockades restrict energy shipments
A total of 89 vessels exited the strait while 103 entered over the seven-day period, the report, based on Automatic Identification System (AIS) data, showed.
South Korea ship to test Arctic commercial shipping route amid Western concerns
President Lee Jae Myung has made Arctic shipping a priority for South Korea, a shipping powerhouse. Officials say this could help transform Busan and position the Arctic as a regular trade route.
