The Houthi-led government in Yemen announced that it had forced an Israel-bound ship to turn back as it was sailing through the Red Sea in violation of the warnings issued on Saturday
Thats assuming Yemen is capable of stopping all israeli traffic through the red sea. Best they can do is make it risky, which is effective, but not total. Pretty sure the US has bases in Djbouti for this exact reason.
Zim (NYSE: ZIM), whose stock hit a new all-time low Monday, is the most visible of the Israeli shipping companies and the most closely connected with the government. The government of Israel has a “golden share” or “special state share” in the company that ensures the government’s access to Zim’s fleet “in a time of emergency or for national security purposes.”
If they can’t go through the Red Sea going through Suez is pointless
Thats assuming Yemen is capable of stopping all israeli traffic through the red sea. Best they can do is make it risky, which is effective, but not total. Pretty sure the US has bases in Djbouti for this exact reason.
You should see how Zim responded when a Yemen-gov account tweeted “ZIM” https://twitter.com/army21ye/status/1728421437570998366
https://www.freightwaves.com/news/zim-container-ship-diverts-as-threat-to-israel-linked-vessels-mounts