Dubai Ports World is reporting a 60 percent drop in profit in the past quarter because of the ongoing ship assaults in the Red Sea.
(Click here)
The company needs to exercise its interests elsewhere until Iran decides to stop its assault on humanity. There is no reason for this, except, its own aggression through failed states and terrorist organizations.
The ships that once navigated the Red Sea are still shipping but to different ports. DPW should follow those ships and their new routes to offer services and investment.
The Iranian terrorist group, Houthis has no real effect. Iran needs to end it's terrorist networks and work toward peace.
December 9, 2023By Mohammed Alghobari
Aden - Yemen’s Houthi movement (click here) said on Saturday they would target all ships heading to Israel, regardless of their nationality, and warned all international shipping companies against dealing with Israeli ports.
The Iran-aligned group is escalating the risks of a regional conflict amid a brutal war between Israel and the Palestinian militant group Hamas.
The Houthis have attacked and seized several Israeli-linked ships in the Red Sea and its Bab al-Mandab strait, a sea lane through which much of the world’s oil is shipped, and fired ballistic missiles and armed drones at Israel.
Houthi officials say their actions are a show of support for the Palestinians.
Israel said attacks on ships was an “Iranian act of terrorism” with consequences for international maritime security.
A Houthi military spokesperson said all ships sailing to Israeli ports are banned from the Red Sea and the Arabian Sea.
“If Gaza does not receive the food and medicine it needs, all ships in the Red Sea bound for Israeli ports, regardless of their nationality, will become a target for our armed forces,” the spokesperson said in a statement.
The threat has an immediate effect, the statement added....
