Houthis hijack Israeli-owned ship in Red Sea

Galaxy Leader credit: marinetraffic.com
Galaxy Leader credit: marinetraffic.com

The Houthi rebels have hijacked a cargo vessel owned by Israeli businessman Rami Ungar but leased to a Japanese company and with no Israeli crew on board.

Iranian-backed Yemen Houthi rebels have hijacked a cargo vessel owned by Ray Shipping Ltd., which is owned by Israeli businessman Rami Ungar but is leased to a Japanese company. The Houthis had previously targeted Eilat with missiles that were intercepted by the Arrow.

The ship, called the Galaxy Leader, was carrying vehicles from Turkey oto India, when it was attacked and hijacked by the Houthis in the Red Sea, with 25 crew members on board - none of them Israeli. The ship's last location was near the coast of Yemen, yesterday.

IDF spokesperson Brigadier General Daniel Hagari confirmed there were no Israelis on board.

Not the first hijacking in the area

This is not the first time that a hijacking has been carried out on the critical maritime trade route in the Red Sea, which connects Europe and Asia and through which 10% of the world's cargoes pass. In 2021, Israel and other countries accused Iran of orchestrating an explosion on an Israeli-owned ship near the coast of Oman but Iran denied the allegations.

The Prime Minister's Office said, "We strongly condemn the Iranian attack on an international ship. The ship, owned by a British company and operated by a Japanese company, was hijacked on an Iranian whim by the Houthi militia in Yemen. On board the ship are 25 crew members of different nationalities, including: Ukrainians, Bulgarians, Filipinos and Mexicans. No Israelis were present on the ship. This is another act of Iranian terrorism which expresses an escalation in Iran's aggression against the citizens of the free world, and has international significance regarding the security of global shipping lanes."

Published by Globes, Israel business news - en.globes.co.il - on November 19, 2023.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.

Galaxy Leader credit: marinetraffic.com
Galaxy Leader credit: marinetraffic.com
Elbit Systems tank turret systems credit: Elbit Systems Elbit Systems wins $100m tank turret systems deal

The Israel defense electronics company will supply its advanced UT30 MK2 unmanned turret systems to General Dynamics European Land Systems (GDELS) to be supplied to a NATO European country.

Tomer Weingarten Photo: PR Trump targets SentinelOne exec in act of revenge

The US administration has suspended the security clearance of the company's chef intelligence and public policy officer Chris Krebs and everyone associated with him.

Tel Aviv Stock Exchange share prices rising credit: Tali Bogdanovsky TASE opens sharply higher after Trump U-turn on tariffs

The pause is being interpreted as a climb down after US President Donald Trump admitted he had made the move to calm the markets.

Ashot Ashkelon credit: Ministry of Defense Up 250%, Ashot Ashkelon wins another Defense Ministry order

The Israeli defense company's share price has risen 250% in the past three years since FIMI Opportunity Funds acquired control.

Liad Agmon credit: Eyal Izhar Insight Partners Liad Agmon steps down as managing partner

Serial entrepreneur Agmon has served as a partner at Insight Partners Israel alongside Daniel Aronovitz who set up the Israel office.

Shekels credit: Shutterstock Vladerina32 Shekel slide resumes amid escalating tariff war

The Bank of Israel is not expected to intervene in the forex market despite the sharp depreciation of the shekel.

Nir Zuk credit: Inbal Marmari Palo Alto Networks mulls buying AI security co for $700m

Sources inform "Globes" that on Palo Alto's radar is Protect AI.

President Donald Trump hosts Prime Minister Benjamin Netanyahu credit: Reuters Kevin Mohatt Israeli officials confident on US tariff concessions

Senior Israeli figures believe that concessions could be tied to progress on strategic regional political issues that are important to President Trump.

Phoenix Investment House CEO Avner Hadad  credit: Tommy Harpaz "The market has priced in all the bad things"

Phoenix Investment House CEO Avner Hadad says US markets could continue to fall, but that we are close to interesting territory for patient investors.

Tel Aviv credit: Shutterstock Tel Aviv slips in World's Wealthiest Cities ranking

Tel Aviv's position as one of the world's wealthiest cities took a big knock over the past year as it slipped from 42nd to 48th in investment advisors Henley & Co.'s "World's Wealthiest Cities" Top 50 ranking.

Leviathan platform  credit: Albatross C'ttee seen recommending no cut in gas exports

The Dayan committee on the future of the gas sector estimates that Israel's natural gas reserves will run out in 2045.

Accountant General Yali Rothenberg credit: Rafi Kutz Israel's fiscal deficit continues to narrow

The deficit narrowed in the twelve months to the end of March 2025, for the sixth consecutive month, Ministry of Finance accountant general Yali Rothenberg reported today.

Arkia credit: Arkia Arkia cuts Tel Aviv - New York April fares

Arkia has cut fares at the last minute, a time when prices usually soar even higher, according to the pricing method used in the industry.

Bank of Israel Governor Prof. Amir Yaron credit: Dani Shem Tov Knesset Spokesperson BoI Governor: US tariffs could push up inflation in Israel

Prof. Amir Yaron tells "Globes" that there is a risk that the new tariffs will cause inflation to rise in the US, with a knock-on effect for Israel.

US President Donald Trump and Prime Minister Benjamin Netanyahu April 7, 2025  credit: Avi Ohayon, Government Press Office Netanyahu fails to persuade Trump to remove tariff on Israel

Asked by reporters whether Israel would be exempted from his tariffs policy, US President Donald Trump replied, "Maybe not. Don’t forget we help Israel a lot."

FBI to investigate Nakash Group Israel CEO

The complaint against Avi Hormaro was filed with the FBI offices in Miami, Florida, where many of the group's companies are incorporated, "Globes" has learned.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018