krogragg

Category: Israel

  • Houthis vow to resume attacks following Iranian strikes

    Houthis vow to resume attacks following Iranian strikes With the US and Israel attacking Iran on Saturday, Iranian allies, the Houthis from Yemen, have vowed to resume attacks on commercial shipping in and around the Red Sea, bringing to a close a four-month cessation of violence at sea.  Shipping organisation BIMCO suggested ships with business…

  • Opposition to ZIM’s sale to Hapag-Lloyd grows

    Opposition to ZIM’s sale to Hapag-Lloyd grows Opposition to Hapag-Lloyd’s planned takeover of Israeli line ZIM is growing, with union protests and the controversial sale debated at the Knesset, Israel’s parliament, yesterday. Hapag-Lloyd unveiled a $4.2bn takeover offer for ZIM a week ago (pictured), in a deal that would carve out a ‘New ZIM’ made…

  • Eco Wave Power’s pilot passes real-world sea conditions test

    Eco Wave Power’s pilot passes real-world sea conditions test Eco Wave Power’s wave energy project at Jaffa Port in Israel has continued strong energy […] The post Eco Wave Power’s pilot passes real-world sea conditions test appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • ZIM sets out terms of $4.2bn Hapag-Lloyd deal, outlines New ZIM carve-out

    ZIM sets out terms of $4.2bn Hapag-Lloyd deal, outlines New ZIM carve-out New York-listed Israeli carrier ZIM Integrated Shipping Services has laid out the full terms of its agreed sale, confirming shareholders will receive $35 per share in cash under a merger deal that values the company at about $4.2bn. The price represents a 58%…

  • Hapag-Lloyd closes in on Zim takeover

    Hapag-Lloyd closes in on Zim takeover Germany’s Hapag-Lloyd has confirmed it is in advanced negotiations to acquire all shares in Israeli rival Zim Integrated Shipping Services in a deal reported to be worth up to $3.7bn. In a brief statement, the Hamburg-based carrier said no binding agreement has yet been signed and that approvals from…

  • Chevron signs off on Mediterranean field expansion for gas production uptick

    Chevron signs off on Mediterranean field expansion for gas production uptick Chevron Mediterranean Limited (CML), a subsidiary of the U.S.-headquartered Chevron, and its partners have given the green light for a planned expansion of gas export capacity from a giant natural gas field project off the coast of Israel. The post Chevron signs off on…

  • XT Shipping linked to four-boxship deal at Hengli

    XT Shipping linked to four-boxship deal at Hengli Israel’s XT Shipping has returned to the newbuilding market with a series of midsize containership orders in China, underlining renewed confidence in the container sector. Shipbroking sources say the Tel Aviv-based owner is behind an order for four 6,000 teu containerships at Hengli Shipbuilding, with delivery scheduled…

  • $35 billion gas export deal good to roll

    $35 billion gas export deal good to roll A multibillion-dollar agreement for the export of natural gas from Israel to Egypt is locked and loaded, following the green light from the Israeli government. The post $35 billion gas export deal good to roll appeared first on Offshore Energy. Melisa Cavcic Go to offshore energy biz

  • Global liners look at acquiring ZIM

    Global liners look at acquiring ZIM Hapag-Lloyd is seeking to acquire ZIM, Israel’s largest container carrier, according to multiple media outlets, but the move is already running into resistance from ZIM’s workers’ committee, which has warned that the presence of Qatari and Saudi sovereign funds among the German carrier’s shareholders could pose a national security…

  • Ashdod port invests in AI-driven vessel-tracking tech

    Ashdod port invests in AI-driven vessel-tracking tech Israel’s Ashdod port has taken a $650,000 stake in local maritime tech startup Azimut.ai following a successful pilot of the company’s AI-powered maritime awareness system, Albatross. The investment, made through the port’s Maritime Technology Hub (Blue Ocean CVC), follows a proof-of-concept that demonstrated the system’s ability to detect,…

  • Ofer-backed XT Shipping returns to yards with Chinese newbuild deal

    Ofer-backed XT Shipping returns to yards with Chinese newbuild deal Israel’s XT Shipping has returned to the newbuilding market with a pair of containerships in China. The maritime arm of Idan Ofer and Udi Angel’s XT Group has contracted 3,160 teu scrubber-fitted units at China Merchants Industry (CMI) Weihai Shipyard. The vessels, with price tag…

  • Race for ZIM tipped to widen

    Race for ZIM tipped to widen ZIM Integrated Shipping Services has hired Wall Street advisory house Evercore to trawl for alternative buyers, as early signals from CEO Eli Glickman and long-time shipping investor Rami Unger have failed to satisfy the board’s valuation expectations. According to Israeli financial title Calcalist, Glickman and Unger are exploring a…

  • Spanish ports closed to arms for Israel

    Spanish ports closed to arms for Israel Spain has banned ships and aircraft carrying weapons or military-grade fuel to Israel from calling at Spanish ports or entering its airspace due to Israel’s nearly two-year-long military offensive in Gaza. “There is a difference between defending your country and bombing hospitals or starving innocent children,” Spanish prime…

  • Turkey shuts ports to Israeli-linked vessels and cargoes

    Turkey shuts ports to Israeli-linked vessels and cargoes ZIM confirmed on Monday that Turkish authorities have barred Israeli-linked vessels from entering the country’s ports, in the latest escalation of Ankara’s sanctions against Israel. The Haifa-based line, the world’s ninth-largest container carrier, said that vessels that are either owned, managed or operated by an entity related…

  • Abraham Unger and Eli Glickman reportedly bid to take ZIM private

    Abraham Unger and Eli Glickman reportedly bid to take ZIM private Israeli business news outlet Calcalist is reporting that ZIM CEO Eli Glickman is teaming up with Israeli shipping magnate Abraham Unger in a bid to take ZIM private. A deal is reportedly being discussed in the $2.4bn range, which is equal to roughly $20…

  • Another gas asset switching back to online mode in the wake of Israel-Iran ceasefire

    Another gas asset switching back to online mode in the wake of Israel-Iran ceasefire Chevron has received the green light to restore production from its giant natural gas field off the coast of Israel, as the dust continues to settle over the U.S.-arranged Israel-Iran ceasefire deal in the Middle East. The post Another gas asset…

  • US airstrikes on Iran spark memories of previous tanker wars

    US airstrikes on Iran spark memories of previous tanker wars Shipping stock prices surged in Asia today on the back of the fast-escalating geopolitical crisis in the Middle East, with Iranian politicians threatening to shut down the Strait of Hormuz after US airstrikes on key nuclear sites.  Iran’s parliament has voted to block the Strait…

  • Oil & gas price uptick and vessel rerouting as Israel-Iran conflict keeps markets on edge

    Oil & gas price uptick and vessel rerouting as Israel-Iran conflict keeps markets on edge A spike in crude oil prices and tweaks to ships’ regular routes are some of the key indicators of uncertainty enveloping energy and shipping markets in the wake of Israel’s attack on Iran, as both countries turn off their giant…

  • GPS jamming on the rise as Israel-Iran conflict enters fourth day

    GPS jamming on the rise as Israel-Iran conflict enters fourth day The conflict between Israel and Iran stretched into a fourth consecutive day on Monday, rattling global energy markets and placing the maritime industry on edge. While Israeli airstrikes have so far avoided directly targeting Iran’s crude oil infrastructure, a reported explosion at a natural…

  • Shipping on edge as Israel and Iran fight fire with fire

    Shipping on edge as Israel and Iran fight fire with fire Israel launched wide-scale strikes against Iran this morning, targeting nuclear facilities, ballistic missile factories and military commanders, stating that the operation will continue “as long as necessary”. Immediately thereafter, Iran vowed “severe punishment for Israel” and has sent more than 100 drones to attack…

  • Middle East shipping routes on alert amid rising US-Iran-Israel tensions

    Middle East shipping routes on alert amid rising US-Iran-Israel tensions A rare and urgent joint advisory issued by United Kingdom Maritime Trade Operations, Maritime Security Centre – Horn of Africa, and Joint Maritime Information Centre has set alarm bells ringing for ship operators passing through the Middle East. The advisory warns of an increased threat…

  • Red Sea shipping rebounds 60% as Houthi attacks decline

    Red Sea shipping rebounds 60% as Houthi attacks decline The volume of ship traffic in the Red Sea has increased by 60% since August 2024, now reaching 36 to 37 ships per day. Despite the rebound, volumes remain well below pre-crisis levels, according to Rear Admiral Vasileios Gryparis, commander of the EU’s Aspides naval mission.…

  • ZIM ordered to pay Samsung $3.7m for US demurrage violations

    ZIM ordered to pay Samsung $3.7m for US demurrage violations Israeli carrier ZIM has been ordered to pay about $3.7m to Samsung Electronics America (SEA) for violating the US Shipping Act. The American affiliate of the Korean manufacturing giant filed a complaint with the Federal Maritime Commission (FMC) in October 2022, claiming Zim engaged in…

  • ZIM fixes Economou and Ofer 11,500 teu newbuild series in $2.3bn deal

    ZIM fixes Economou and Ofer 11,500 teu newbuild series in $2.3bn deal Israeli carrier ZIM is bringing in 10 LNG dual-fuel containership newbuilds on long-term charter. The New York-listed company has struck deals worth in total about $2.3bn with George Economou’s TMS Group and a shipping player affiliated with Idan Ofer’s Kenon Holdings for a…

  • Red Sea transits off limits for most as Israel pounds Gaza

    Red Sea transits off limits for most as Israel pounds Gaza The majority of the global merchant fleet is expected to keep away from the Red Sea for the foreseeable future as the security situation in the region worsens. The Israeli military has carried out extensive strikes overnight along the Gaza Strip after talks to…

  • Chevron and partners seek additional capacity boost at Mediterranean gas field

    Chevron and partners seek additional capacity boost at Mediterranean gas field Chevron and its partners in a giant natural gas field project off the coast of Israel have submitted an updated reservoir development plan to the Petroleum Commissioner at the Ministry of Energy and Infrastructures for an additional expansion of the field’s capacity. The post…

  • SOCAR coming aboard Chevron’s gas field offshore Israel

    SOCAR coming aboard Chevron’s gas field offshore Israel Chevron Mediterranean Limited, a subsidiary of the U.S.-headquartered oil major Chevron, is getting a […] The post SOCAR coming aboard Chevron’s gas field offshore Israel appeared first on Offshore Energy. Melisa Cavcic Go to offshore energy biz

  • Israel pounds Houthi strongholds

    Israel pounds Houthi strongholds Israeli fighter jets have bombed the international airport in Yemen’s capital Sanaa and several ports in the Red Sea. Israel Defence Forces (IDF) stated that it conducted strikes on what it claimed were ‘military targets belonging to the Houthi terrorist regime’ on Yemen’s western coast and on several locations further inland.…

  • Windward to be acquired by US investor FTV Capital for $270m

    Windward to be acquired by US investor FTV Capital for $270m London-listed Israeli predictive maritime intelligence firm Windward is set to be acquired by US investment firm FTV Capital in a deal valued at £216m ($270m) million. Windward will be bought out by Octopus UK Bidco, a subsidiary of FTV Capital’s investment fund at 215p…

  • Israel strikes ports and oil facilities in Yemen

    Israel strikes ports and oil facilities in Yemen Multiple fatalities have been reported following a series of Israeli airstrikes on Yemen’s port infrastructure and oil storage facilities in the ports of Ras Isa and Hodeidah.  According to reports by Houthi-controlled media, the attacks killed at least nine people, seven in the port of Salif and…