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Israeli Shipping Company Sees Soaring Profits Because — Not in Spite — of Houthi Red Sea Attacks
Explosions take place on the deck of the Greek-flagged oil tanker Sounion on the Red Sea, in this handout picture released Aug. 29, 2024. Photo: Houthi Military Media/Handout via REUTERS
A major Israeli shipping company is experiencing a surge in profits for a surprising reason: Houthi attacks on ships in the Red Sea.
ZIM Integrated Shipping Services, which has been traded on the New York Stock Exchange since 2021, achieved a 48 percent year-over-year revenue increase in the second quarter of this year to $1.93 billion.
And it’s not just revenue that has increased. Its net income rose to $373 million and its carry volume has risen 11 percent.
This all occurred amid rising tensions in the Middle East that began after the Palestinian terrorist group Hamas attacked Israel on Oct. 7, killing 1,200 people and taking another 251 hostage.
Yemen’s Iran-backed Houthi militia, a US-designated terrorist organization, began disrupting global trade with its attacks on shipping in the busy Red Sea corridor after Hamas’s onslaught, arguing its aggression was a show of support for Palestinians in Gaza.
The Houthi rebels — whose slogan is “death to America, death to Israel, curse the Jews, and victory to Islam” — have controlled a significant portion of Yemen’s land along the Red Sea since 2014, when it captured it in the midst of the country’s civil war.
The Iran-backed movement has said it will target all ships heading to Israeli ports, even if they do not pass through the Red Sea, and claimed responsibility for attempted drone and missile strikes targeting Israel. Since Hamas’s massacre across southern Israel on Oct. 7, which launched the ongoing war in Gaza, Houthi terrorists in Yemen have routinely launched ballistic missiles towards Israel’s southern city of Eilat. In July, they hit the center of Tel Aviv with a long-range Iranian-made drone.
These attacks primarily in the Red Sea, a key trade route, disrupted global shipping, raising the cost of shipping and insurance and having a major economic impact. Shipping firms have been forced in many cases to re-route to longer and more expensive journeys around southern Africa to avoid passing near Yemen.
However, ZIM’s increased revenue and profit appeared to have come because of these attacks, not in spite of them.
It was not just ZIM that experienced rising profits. According to Middle East Eye, “shares of Maersk, the Danish shipping giant operating more than 700 vessels, are up about 20 percent in the last month, while German company Hapag-Lloy — the world’s fifth-largest container shipping group — is up 17 percent.”
The reason they are making more revenue is ironically that they are taking alternative, longer routes, in order to avoid the Red Sea. The issue is that these alternative routes require additional fuel — which cost extra money. These additional costs are passed onto consumers, resulting in greater revenue.
However, the costs passed onto consumers are usually greater than the additional costs that the companies bear due to the longer routes. As a result, they are not just making extra revenue, but extra profit as well.
Observers have noted that these higher prices — which go beyond just the additional prices of fuel, for example — may be justified by pointing out that shipping has become increasingly risky, and so consumers ought to pay higher prices when companies are taking on greater risk.
Since the attacks began, the Houthis have damaged at least 30 ships. At least two cargo ships — one UK-owned and one Greek-owned — have been sunk.
Iran itself has also attacked ships. In April, Iran’s Islamic Revolutionary Guard Corps (IRGC) seized what it claimed to be an “Israeli-linked” ship near the Strait of Hormuz and, in November, Iran attacked an Israeli ship with drones in the Indian Ocean, according to the US.
As for the Houthis, they have threatened and in some cases actually attacked US and British ships, leading the two Western allies to launch retaliatory strikes against Houthi targets in Yemen.
The post Israeli Shipping Company Sees Soaring Profits Because — Not in Spite — of Houthi Red Sea Attacks first appeared on Algemeiner.com.
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Israeli FM Urges Action as Anti-Israel Protesters Block Cruise Ship at Greek Island, Forcing Diversion to Cyprus

Pro-Palestinian protesters gather at the port of Syros, Greece, blocking an Israeli cruise ship from docking and disembarking. Photo: Screenshot
Israeli Foreign Minister Gideon Saar urged his Greek counterpart, Giorgos Gerapetritis, to take action after pro-Palestinian protesters prevented hundreds of Israeli passengers from disembarking a cruise ship near the island of Syros.
On Tuesday, approximately 1,600 Israeli passengers expecting a peaceful stop on their cruise were unable to disembark from a ship docked on the island of Syros — located in the central Aegean Sea — after large anti-Israel, pro-Palestinian protests erupted at the port, raising safety concerns.
In a statement, the Israeli Foreign Ministry reported that Saar “requested [Gerapetritis’] intervention in an effort to resolve the docking of the ship in Greece.”
Departing from Haifa in northern Israel on Sunday, the MS Crown Iris — owned by Israeli cruise line Mano Maritime and flying a Panamanian flag — stopped in Rhodes, a Greek island in the southeastern Aegean, and was scheduled to dock in Syros.
Amid the large anti-Israel protest, the cruise company chose to divert the ship to Limassol, Cyprus, rather than attempt to disembark at Syros, according to Hebrew media reports.
Όπως ήρθε-έφυγε από τη #Σύρο το κρουαζιερόπλοιο Crown Iris που μετέφερε Ισραηλινούς τουρίστες αφού κάτοικοι & φορείς που αντιδρούν στη γενοκτονία στην #παλαιστινη βρέθηκαν στο λιμάνι παρεμποδίζοντας την αποβίβασή τους! #antireport #FreePalestine #Συρος pic.twitter.com/ssqg9WzkAm
— Μένουμε Ενεργοί – Ενημέρωση, Αγώνας, Αλληλεγγύη (@menoume_energoi) July 22, 2025
Around 300 protesters gathered at the dock to protest against the war in Gaza, while Syros Port Authority police guarded the area and intervened to prevent violence until the ship departed.
In videos circulating on social media, protesters are seen waving Palestinian flags and holding banners with slogans such as “Stop the Genocide” and “No AC [Air Conditioning] in Hell,” while chanting antisemitic slogans.
Other footage captures Israeli passengers responding by waving Israeli flags and chanting “Am Yisrael Chai,” which means “The people of Israel live.”
Hundreds of Israelis aboard a Mano Maritime cruise ship were stranded at the port of Syros, Greece, after pro-Palestinian protesters blocked them from disembarking pic.twitter.com/npWwMDLPbW
— Amichai Stein (@AmichaiStein1) July 22, 2025
Since the Hamas-led invasion of and massacre across southern Israel on Oct. 7, 2023, antisemitic incidents have surged to alarming levels across Europe. This recent incident appears to be just one of the latest in a wave of anti-Jewish hate crimes that Greece and other countries have witnessed in recent months.
Last week in Athens, a group of pro-Palestinian activists vandalized an Israeli restaurant, shouting antisemitic slurs and spray-painting graffiti with slogans such as “No Zionist is safe here.”
The attackers also posted a sign on one of the restaurant’s windows that read, “All IDF soldiers are war criminals — we don’t want you here,” referring to the Israel Defense Forces.
Last month, an Israeli tourist was attacked by a group of pro-Palestinian activists after they overheard him using Google Maps in Hebrew while navigating through Athens.
When the attackers realized the victim was speaking Hebrew, they began physically assaulting him while shouting antisemitic slurs.
Although local police arrived promptly, a large crowd had already gathered outside the restaurant where the victim had sought shelter.
At first, authorities mistakenly arrested the victim, accusing him of the attack. However, after video footage clarified the situation, they apologized and took him to the nearest hospital.
The post Israeli FM Urges Action as Anti-Israel Protesters Block Cruise Ship at Greek Island, Forcing Diversion to Cyprus first appeared on Algemeiner.com.
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Netanyahu Brushes Off Arrest Threats From Mamdani: ‘There’s Enough Craziness in the World’

Israeli Prime Minister Benjamin Netanyahu attends a joint press conference with US Secretary of State Marco Rubio at the Prime Minister’s office in Jerusalem, Feb. 16, 2025. Photo: Ohad Zwigenberg/Pool via REUTERS
Israeli Prime Minister Benjamin Netanyahu downplayed threats made by New York City mayoral candidate Zohran Mamdani to arrest him if he visits the city, calling the pledge “silly” during a Monday appearance on the “Full Send” podcast.
Speaking to host Aaron “Steiny” Steinberg, Netanyahu was asked about Mamdani’s repeated vow to enforce the International Criminal Court’s 2024 arrest warrant against him, related to alleged war crimes during Israel’s military operations against the Palestinian terrorist group Hamas in Gaza.
“I’m not concerned,” Netanyahu said. “There’s enough craziness in the world, but I guess it never ends … It’s silly in many ways.”
In November, the ICC issued arrest warrants for Netanyahu, his former Defense Minister Yoav Gallant, and now-deceased Hamas terrorist leader Ibrahim al-Masri (better known as Mohammed Deif) for alleged war crimes and crimes against humanity in the Gaza war.
The ICC said there were reasonable grounds to believe Netanyahu and Gallant were criminally responsible for starvation in Gaza and the persecution of Palestinians — charges vehemently denied by Israel, which has provided significant humanitarian aid into the enclave throughout much of the war.
Israel also says it has gone to unprecedented lengths to try and avoid civilian casualties, despite Hamas’s widely acknowledged military strategy of embedding its terrorists within Gaza’s civilian population and commandeering civilian facilities like hospitals, schools, and mosques to run operations and direct attacks.
Mamdani, a democratic socialist and state assemblyman from Queens, surged to national attention in June after defeating former New York Gov. Andrew Cuomo in the Democratic mayoral primary, becoming the party’s nominee heading into November’s general election. He ran on a platform of aligning city policy with international law, promising that New York City would enforce ICC warrants, even if that meant arresting a visiting foreign leader.
Mamdani defended his vow to arrest Netanyahu if he visits New York during an event at the B’nai Jeshurun synagogue in Manhattan last month, comparing the Israeli premier to Russian President Vladimir Putin.
“My answer is the same whether we are speaking about Vladimir Putin or Netanyahu. I think that this should be a city that is in compliance with international law,” Mamdani said. “And we have seen, other countries across the world that are signatories of the ICC that they would honor that same request, being Canada or other countries in Europe, and their honoring of it meant that Netanyahu did not travel there.”
Mamdani acknowledged that the United States is not a party to the Rome Statute, which established the ICC, but argued that “there are times where courage is required,” comparing his desire to arrest Netanyahu to California Gov. Gavin Newsom’s decision to defy federal law and issue marriage certificates to same-sex couples as mayor of San Francisco.
“What I am trying to showcase is a belief that international law is something that should be honored, should be respected, and something that we should actually bring our city into compliance with,” Mamdani said.
Netanyahu on Monday expressed disappointment in Mamdani’s victory but claimed that residents of the Big Apple will eventually become disillusioned with the progressive firebrand after confronting the “reality” of his far-left agenda.
“A lot of people have been taken in by this nonsense. You want to defund the police? You want to have people go into stores and rob them and be free, you think that creates a good society?” Netanyahu said.
Netanyahu reaffirmed on the podcast that he still plans to visit New York City in the future and suggested he might travel with US President Donald Trump. The remarks echoed a statement Netanyahu made earlier this month, when he similarly downplayed Mamdani’s comments to arrest him while meeting with US officials in Washington, DC.
During the White House meeting, Trump dismissed Mamdani’s threats and labeled him a “communist.” Trump also added, “I’ll get him out,” referring to Netanyahu if the two leaders visit New York City together. Trump has also reportedly discussed the possibility of cutting federal funding to cities that attempt to act on ICC warrants without coordination with the US government.
Steinberg referred to Mamdani as an “antisemite” during Monday’s interview.
A little-known politician before this year’s mayoral primary campaign, Mamdani is an outspoken supporter of the boycott, divestment, and sanctions (BDS) movement, which seeks to isolate Israel from the international community as a step toward its eventual elimination.
Mamdani has also repeatedly refused to recognize Israel’s right to exist as a Jewish state, falsely suggesting the country does not offer “equal rights” for all its citizens.
Most recently, Mamdani defended the phrase “globalize the intifada”— which references previous periods of sustained Palestinian terrorism against Jews and Israels and has been widely interpreted as a call to expand political violence — by invoking the Warsaw Ghetto Uprising during World War II. He later clarified that he would discourage its use while continuing to back the broader anti-Israel movement it represents.
The post Netanyahu Brushes Off Arrest Threats From Mamdani: ‘There’s Enough Craziness in the World’ first appeared on Algemeiner.com.
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Syrian Committee Reports 1,426 Killed in March Violence, Says Commanders Did Not Order It

Alawite Syrians, who fled the violence in western Syria, walk in Nahr El Kabir River, after the reported mass killings of Alawite minority members, in Akkar, Lebanon March 11, 2025. Photo: REUTERS/Mohamed Azakir
A Syrian fact-finding committee said on Tuesday that 1,426 people had died in March in attacks on security forces and subsequent mass killings of Alawites, but concluded that commanders had not given orders for the revenge attacks.
The incidents in the coastal region were the worst violence to hit Syria since the downfall of President Bashar al-Assad last year. The fact-finding committee‘s work is seen as an important test of the new leadership, made up mainly of former anti-Assad rebel fighters, who are facing new unrest this month involving other minority groups in the southwest.
The committee concluded that Syrian commanders did not give orders to commit violations and in fact gave orders to halt them.
It came up with a list of 298 suspects involved in violations against Alawites and 265 involved in the initial attack on security forces, committee head Jumaa Al-Anzi said.
The names are not being released publicly for now and have been referred to courts for further investigations, spokesperson Yasser Farhan said. He added that 31 people who committed violations against civilians had been arrested, as well as six people he referred to as “remnants” of the former regime.
A Reuters investigation last month identified 1,479 Syrian Alawites killed and dozens who were missing from 40 distinct sites of revenge killings, and found a chain of command leading from the attackers directly to men who serve alongside Syria’s new leaders in Damascus.
Syria’s new leadership, which has roots in the insurgency led by Sunni Muslim Islamist groups against Assad, a member of the Alawite minority sect, has long sought to reassure minorities that they will be safe.
Safety of minorities has become a major issue again this month with hundreds of people killed in clashes between government security forces, Sunni Bedouin fighters and militants from the Druze sect in the southern province of Sweida. The authorities have set up a new fact-finding committee in response.
‘WIDESPREAD BUT NOT ORGANIZED’
The violence in March began on March 6 with attacks on Syrian security forces stationed in the region. It put hospitals and other state institutions out of operation and caused wide areas to fall out of government control, Farhan said.
The committee found that 238 members of the security forces were killed in these attacks, perpetrated by forces aligned with the former Assad government, Farhan said.
In response, around 200,000 armed men mobilized from across Syria, pouring into the coastal region, he said.
This led to violations including killings, theft, and sectarian incitement that the committee found were “widespread but not organized,” Farhan said.
Farhan said the committee members had full cooperation from government forces as they undertook their months of work, and it was now up to President Ahmed al-Sharaa whether to release their report in full.
Diana Semaan, Syria researcher at Amnesty International, called for the full findings to be released and for perpetrators to face prosecution.
“In terms of the fact-finding committee, acknowledging that atrocities against Alawite civilians happened is an important step towards justice,” she told Reuters.
“[But] without the proper prosecution of perpetrators, then we have impunity. It won’t be the justice and accountability that the victims deserve.”
The post Syrian Committee Reports 1,426 Killed in March Violence, Says Commanders Did Not Order It first appeared on Algemeiner.com.