Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Why sport fans got bored of influencers and forced brands into a mind shift

      ZDF Fernsehgarten TV Show From Mainz

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Why sport fans got bored of influencers and forced brands into a mind shift

      ZDF Fernsehgarten TV Show From Mainz

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      House of the Dragon’s Abubakar Salim dreams of Kenyan kebabs for his last supper

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Monday 20 November 2023 10:12 am

Israeli-linked cargo ship hijacked by Houthi rebels in Red Sea

By: CityAM Reporter

Add as a preferred source on Google
Israeli owned cargo ship Galaxy Leader has been hijacked. (Wikipedia/Author Garitzko)
Israeli owned cargo ship Galaxy Leader has been hijacked. (Wikipedia/Author Garitzko)

Yemen’s Houthi rebels have seized an Israeli-linked cargo ship in the southern Red Sea and taken its 25 crew members hostage.

The moves have raised fears that regional tensions heightened by the war are spilling into the seas.

The Iran-backed rebel group said it would continue to target ships connected to Israel.

No Israelis were aboard the Bahamas-flagged Galaxy Leader, which was operated by a Japanese company with crew members from the Philippines, Bulgaria, Romania, Ukraine and Mexico.

Public shipping databases associated the ship’s owners with Ray Car Carriers, a company founded by Abraham Ungar, who is known as one of the richest people in Israel.

Mr Ungar told The Associated Press he was aware of the incident but could not comment as he awaits further details.

A ship linked to him experienced an explosion in 2021 in the Gulf of Oman. Israeli media blamed this on Iran at the time.

The Galaxy Leader was taken to Yemen’s port city of Hodeida, according to the UK military’s United Kingdom Maritime Trade Operations.

Japanese officials are negotiating with the rebels for the release of the ship and its crew, according to the country’s chief cabinet secretary Hirokazu Matsuno.

Press Association – AP

Read more

Iran to close Strait of Hormuz as Trump threatens toll

Aerial view of ships navigating the strategic Strait of Hormuz, highlighting its importance to global maritime trade routes

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Related Topics

  • Israel and Palestine

Trending Articles

  • Why sport fans got bored of influencers and forced brands into a mind shift

  • House of the Dragon’s Abubakar Salim dreams of Kenyan kebabs for his last supper

  • Heatwave fans demand for aircon stocks

  • Could The Billingsgate Roman Bathhouse win a Toast award?

  • Lessons in comms from my children’s primary school

More from CityAM

  • Iran to close Strait of Hormuz as Trump threatens toll

    Economics
    Aerial view of ships navigating the strategic Strait of Hormuz, highlighting its importance to global maritime trade routes
  • As it happened: Stocks and oil recover as Iran declares end to strikes; tech rally rocks markets

    Markets
    Breaking news graphic with headline text, featuring a digital world map and icons symbolizing global connectivity
  • Borrowing costs fall as interest rate hike fears ease

    Economics
    Keanu Reeves seen casually dressed during a public appearance in a local pub, engaging with fans and enjoying a relaxed at...
  • Vercel Brings New Agent Framework, Full-Stack Capabilities, and Enterprise Controls to Its Agentic Infrastructure Platform

    Business Wire
  • Shipping chief: Hormuz tankers reluctant to leave Gulf despite Iran deal

    Economics
    Iranian military vessels patrol the strategic Strait of Hormuz amidst escalating tensions in the region
  • Boots eyes £7.5bn sale in blow to hopes of London IPO

    Retail
    Boots remains one of the group’s best performing business lines, with a London float suggested as recently as last year. (Photo by Oli Scarff/Getty Images)
  • Ash Sarkar says she will ‘never work with SXSW again’ after Hasan Piker visa row

    News
    Getty Images logo on a digital screen with abstract financial data, representing global media influence in business news.
  • Fasanara Capital Launches Investment Platform for Ferrari-backed Lending

    Business Wire

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies