Brazil

A cargo vessel operated by Japanese shipping company Nippon Yusen (NYK Line) has been seized by Yemen’s Houthi militants in the Red Sea.The vessel, named Galaxy Leader, is a British-owned ship chartered by NYK Line for transporting automobiles.As reported, the crew of 22, including Bulgarians and Filipinos but no Japanese or Israelis, is confirmed to be on board.Japan’s transport ministry and NYK Line are actively confirming the crew members’ safety and the incident’s details.The Houthi rebels, allies of Tehran and backed by Iran, claimed responsibility for seizing the ship, asserting it as an act of targeting Israeli-affiliated vessels.They stated the crew is being treated in accordance with Islamic principles.However, Israel clarified that it has no involvement in the vessel’s ownership or operation, and no Israelis were onboard.Israel labeled the incident as an act of Iranian terrorism, escalating tensions and impacting the security of global shipping routes.Japanese Cargo Vessel Hijacked by Yemeni Militants.

(Photo Internet reproduction)The cargo ship was en route from Turkey to India, sailing between Saudi Arabia and Sudan, as per the last signals received.The Houthis, escalating their offensive, have been launching missile and drone attacks on Israel in solidarity with Palestinian Hamas militants in the ongoing Gaza conflict.Houthis Sponsored by IranHouthi spokesperson Yahya Sarea warned that any ship affiliated with Israel would be a legitimate target, emphasizing their commitment to operations against Israel until the Gaza offensive ceases.Major Israeli media outlets suggest the ship’s owning company might have Israeli connections, potentially influencing the Houthis’ targeting decision.The Houthi rebels, significantly empowered by Iran, have increased activities in the Red Sea, threatening navigation safety.In response, Japan’s Coast Guard has issued warnings to all Japanese ships in the region, and Japan’s defense officials are gathering more information about the incident.The capture of Galaxy Leader, now potentially a bargaining chip in negotiations, marks a concerning escalation in regional maritime security.





Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021


Buy Our Merchandise (Peace Series)

 


Contribute US to Start Broadcasting



It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm


STRIPE


Navigating Uncertainty: Mozambique's Economic Deceleration


EU Eases Some Sanctions Ahead of Venezuela Elections


Cocoa Market Sees Dramatic Price Shifts


U.S. Dollar Dips as Markets Anticipate Key Economic Updates


Surge in Oil Prices: Global Demand Dynamics


Rising Inflation in Angola Reaches Seven-Year High


[Brazil] - Azul's Strategic Flight: Navigating Through Financial Turbulence



Forming Global Markets: Cotton, Metals, and Oil This Week



BBVA's Hostile Bid for Banco Sabadell Shakes Up Spanish Banking


[Brazil] - Brazil's Response to Alleged Misinformation on Floods Raises Free Speech Concerns


[Brazil] - Diplomatic Chess: Israel's Strategic Shift in South America




[Brazil] - Brazilian Beef Exports Reach Record Highs in April 2024


[Brazil] - Brazil Mobilizes Military in Major Flood Crisis


Immediate Reforms Needed for Argentina's Naval Fleet


Peru's President Boluarte Under Fire Amid Brother's Arrest


[Brazil] - U.S. Dollar Rises as Brazil's Monetary Policy Faces Political Pressure


Ibovespa Slips After Smaller-Than-Desired Selic Rate Cut


Economic Strain in Peru: The Dual Crisis of Rising Poverty and Falling Income


Portuguese Language Countries Influence in Global Economics


Economic Trends and Challenges in Cape Verde in Early 2024


Banxico Holds Interest Rate Steady at 11% Amid Inflation Concerns


China's Economic Pivot and Its Impact on Global Iron Ore Markets


Global Wheat Supply Under Pressure from Adverse Weather and War


Eletrobras Reports Strong 9% Revenue Growth Amid Economic Shifts


Latin American Firms Double Investments in Spain





70