Shipping

Heat, costs, shortages: US faces limits in deciding next actions in Iran - report

Iran could achieve USD 70-90 billion in annual revenue if the Islamic regime is allowed to charge a toll in the Strait of Hormuz, according to a J.P. Morgan paper.

An illustration of oil barrels, pipelines, and drills, over the backdrop of US and Iranian flags.
US President Donald Trump gestures as he boards Air Force One on March 1.

Deal with Iran can happen 'as soon as Monday,' Trump tells Fox News

THIS MAP illustrates China’s ‘New Silk Road’ initiative

The war with Iran is a major setback to China’s Belt and Road Initiative - opinion

A ship passes through the Strait of Hormuz.

How many ships have been attacked in the Gulf since start of Iran war? - explainer


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.

 View of the marina in the Southern Israeli city of Eilat

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.

White-cheeked terns flying across the Gulf of Eilat.

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.

 Israel Navy missile ships head to the Red Sea after several aerial intrusions by Houthi drones, November 1, 2023

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.

 The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea in this photo released November 20, 2023.

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.

 Illustrative image of the Red Sea.

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.

 An American Navy ship seen in the red sea port of Eilat on June 8, 2021.

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.

 A view of missiles during a military parade held by the Houthis to mark the anniversary of their takeover in Sanaa, Yemen September 21, 2023.

Iran continues to use drones in its shadow war against Israel - opinion

By using drones, which fly low and slow, Tehran is engaging in graduated escalation, in the hopes of forcing Israel to absorb the threat, rather than feel compelled to respond. 

 Iran's Supreme Leader Ali Khamenei views an Iranian drone during his visit last week to the Islamic Revolutionary Guard Corps Aerospace Force.

Record mobilization: Haifa Port Company leads in cargo handling amidst wartime challenges

Haifa Port's October figures paint a picture of maritime sector leadership.

 A general view of Haifa Port on July 24.

Netanyahu: With attack on ship, Iran has ratcheted up its aggression

Some 25 crew members of different nationalities, including Ukrainians, Bulgarians, Filipinos, and Mexicans were onboard the ship – but no Israelis.

A boat of the Iranian Revolutionary Guard (IRGC) sails, at undisclosed place off the coast of Bandar Abbas, Iran August 22, 2019.