#commercial-shipping

#commercial-shipping

Officials at Israel's only Red Sea port warned the government that it was at risk of complete shutdown without financial assistance due to the impact of Houthi attacks. The Port of Eilat experienced a 90 percent drop in activity since the attacks began, which were in response to Israel's actions in Gaza. Houthi militants have promised to continue these attacks until Israel ceases its operations in Gaza.

Due to the close ties between China's commercial shipbuilding, which is largely supported by foreign buyers, and China's military shipbuilding, foreign firms have funneled billions of dollars of revenue into entities that are central to China's naval modernization.