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Sudden! The Israeli port was attacked by missiles! Trade was interrupted and the shipping company announced a suspension of booking.

May 08,2024

Israel's First Port Attacked by Missiles

On May 5, the Shiite armed group "Iraqi Islamic Resistance Movement" issued a statement stating that it had launched a missile attack on the northern Israeli port of Haifa. Haifa Port is the largest port in Israel, with an annual cargo throughput of nearly 30 million tons and a container throughput of about 1.5 million TEUs.

The "Iraqi Islamic Resistance" statement used "Al-Qab" cruise missiles to strike the Israeli port of Haifa in opposition to the Israeli occupation and in support of the people of Gaza. They also said they would continue to strike Israeli infrastructure in response to the military operation in the Gaza Strip.

Many Israeli seaports, including the ports of Haifa and Ashdod on the Mediterranean coast, and the port of Eilat in the Red Sea region, have recently been attacked by the "Iraqi Islamic Resistance Movement" and Houthi forces. The port of Eilat was almost interrupted by missile attacks by Houthi forces.

Since the Palestinian-Israeli conflict, Israeli port operations have been frequently attacked by Houthi forces and the Red Sea route has been interrupted. Houthi spokesman Yahya Sareya said on the 3rd,The Houthis will launch attacks on Israeli-affiliated ships sailing in the Mediterranean, that is, the scope of the attack will be extended to the Mediterranean. （ Sudden! Middle East chaos! Israeli air strikes, Houthis expand the scope of the attack to the Mediterranean, the U.S. military exposed a big move! ）

In addition, Sareya also said that if Israel launches an attack on the southern Gaza Strip city of Rafah, the Houthis will continue to expand the scope of their attacks,In the Red Sea, the Arabian Sea, the Indian Ocean and the Mediterranean Sea, all ships of companies that have had transactions with Israel in the past few months, regardless of their nationality and the target port.

Trade interrupted! Maersk Suspends Import, Export, Transshipment and Booking

As the Ministry of Trade of the Turkish government announced that all trade with Israel would be suspended due to the ongoing conflict in and around the country, Maersk's official website issued a notice on May 5 to suspend Israel's import and export trade, transshipment and booking. The specific restrictions are as follows, with immediate effect:

Suspension of all exports of goods from Turkey to Israel
Suspension of all imports of goods from Israel to Turkey
Suspension of all imported goods destined for Turkey and trans-shipment in Israel
Suspension of transit of all Israeli-related third-country goods in Turkey
Suspension of all empty containers loaded from Israel or ready for shipment to Israel

If the customer's new booking has not been loaded between Israel and Turkey, or transshipped to Israel via Turkey as a transit port, Maersk will need to trigger a change of destination (COD) or cancel the booking in accordance with the above restrictions. Similarly, goods already in transit will need to be returned to the port of origin or unloaded at a nearby hub port.

At present, there is no indication for the time being when the Turkish government will lift the restrictions. Maersk said it is looking for the best solution for the customer's goods and will communicate all emergency details with the customer as soon as possible, including cash on delivery and cancellation terms.

How much does the interruption of trade between the two countries affect Israel?

On April 9, the Turkish Trade Ministry said in a statement that Turkey will impose export restrictions on 54 products to Israel from the same day, including cement and steel construction materials. The statement said that this decision will remain in effect until Israel declares a ceasefire in the Gaza Strip and allows humanitarian supplies to continue to enter the Gaza Strip.

Due to the deteriorating humanitarian tragedy in Palestine caused by Israel's brutal actions, Erdogan believes that Israel's attack on Palestinians in the Gaza Strip is comparable to the Nazi massacre of Jews. Turkey has decided to suspend all import and export trade related to Israel, covering all products. In other words, Turkey unilaterally announced a complete suspension of economic exchanges with Israel.

This decision is undoubtedly a heavy economic blow to Israel. The two countries originally maintained close political and economic ties. According to Erdogan, the trade volume between Turkey and Israel reached 9.5 billion billion U.S. dollars, of which Israeli imports accounted for more than 76%. Turkey mainly imports steel, machinery, minerals and fuels, as well as fresh produce and food.

To this end, Israeli Foreign Minister Katz said that he has instructed officials to immediately contact all relevant parties in the government to find a response plan, focusing on encouraging domestic production and imports from other countries. Today, the sudden interruption of this trade relationship is undoubtedly worse for Israel, which is busy dealing with the challenges of war.

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