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
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.”
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