Friday, September 05, 2025

Ivanhoe flags ‘significant’ copper discovery in Kazakhstan


Assy Plateau, Kazakhstan. Stock image.

Ivanhoe Mines (TSX: IVN) announced on Thursday that it has made a copper discovery at its exploration joint venture in Kazakhstan’s Chu-Sarysu Basin, warranting further follow-up.

The Canadian miner, alongside UK-based partner Pallas Resources, is exploring a prospective land package of over 16,000 km², covering licences spread across seven projects. The landholding, according to Ivanhoe, represents one of the largest in Kazakhstan and is estimated to be seven times bigger than its Western Forelands project in the Democratic Republic of the Congo.

The new copper discovery resulted from the joint venture’s fieldwork on the Merke licence, which is located in the southern part of the Chu-Sarysu Basin and includes a 36-kilometre-long stratigraphic trend, with multiple samples returning between 1% and 5% copper.

While clearly not an economic occurrence in isolation, Ivanhoe’s team considers the copper mineralization — an outcrop on surface with an approximate 20-metre thick zone — to be “significant” as it supports the thesis that mineralization is structurally controlled, with faults and fractures acting as conduits for copper-bearing fluids into a package of folded sedimentary carbonate rocks.

The joint venture will now follow up on this discovery by mapping these structures in detail, supported by high-resolution magnetic surveys to trace them at depth, and by evaluating basement contacts and fault systems as potential fluid pathways.

Shares of Ivanhoe declined 3.5% to C$12.02 by noon ET on the news, giving the Vancouver-based copper miner a market capitalization of C$16.22 billion ($11.72bn).

Third-largest basin

The entire Chu-Sarysu Basin, according to Ivanhoe, is ranked as the world’s third-largest sediment-hosted copper basin, after the Central African Copperbelt and European Kupferschiefer, hosting 27 million tonnes of known copper. The area hosts the world-class Dzhezkazgan deposit, which has been continuously mined for over a century.

The United States Geological Survey (USGS) estimates that there remains approximately 25 million tonnes of undiscovered copper in the Basin. Despite its significant prospectivity, greenfield exploration has largely been neglected across the entire region for over 40 years.

Kazakhstan as a whole has also been largely underexplored, even with its geological potential and status as a world-leading producer of uranium. S&P Global estimates that over the past 15 years, only $100 million has been spent annually on exploration in the country, far less than other major mining jurisdictions. 

With that in mind, Ivanhoe and privately held Pallas teamed up in late 2024 to explore the 16,000 km² land package in Chu-Sarysu, leveraging the former’s exploration success in Congo and the latter’s experience in Kazakhstan.

Ivanhoe is expected to sole-fund up to $18.7 million over the first two years, and can elect to earn into all seven projects under the JV, up to 80%, for a maximum consideration of $115 million over four years.

Drilling underway

Ivanhoe also said a 15,000-metre drill campaign has commenced in the western section of the joint venture’s land package on the Glubokoe licence, located several hundred kilometres north of the Merke licence.

The first drill hole is expected to test the potential extensions of mineralization first noted in a Soviet-era stratigraphic hole drilled in the 1980s, which intersected three separate copper-bearing intervals over 26 metres, the company said.

The initial drill holes in the 2025 campaign are expected to be between 800 and 1,000 metres deep, and will assist with calibrating the results with historic and newly acquired geophysical datasets. This in turn will inform the stratigraphic and facies models, as well as help identify drill targets for the remainder of drill program, Ivanhoe added.


BRAZIL

Vale reopens Capanema mine, unveils $12.2B investment plan in Minas Gerais


the deadly collapses of two tailings dams in Minas Gerais in 2015 and 2019, disasters that killed hundreds of people and caused widespread environmental devastation


Capanema mine (Image: Vale)

Vale (NYSE: VALE) has officially reopened the Capanema iron ore mine in Ouro Preto, Minas Gerais, after a 22-year halt, as part of the Brazilian miner’s R$67 billion ($12.2 billion) investment strategy through 2030.

The reactivated Capanema unit, which received about R$5.2 billion ($950 million) in investments, will operate without using water in processing, generating no tailings and removing the need for dams.

The shift toward dry processing has been a central goal for Vale following the deadly collapses of two tailings dams in Minas Gerais in 2015 and 2019, disasters that killed hundreds of people and caused widespread environmental devastation.

The majority of Vale’s upcoming investments in Minas Gerais will be directed toward expanding dry tailings stacking and filtration solutions. The goal is to reduce the reliance on dams in the state from 30% today to 20%.

The site will also feature five autonomous haul trucks and incorporate circularity solutions by reprocessing iron ore from an old waste pile.

Vale shares were up 0.5% on Thursday morning in New York, giving the company a market capitalization of $43.6 billion.

Boost to production

The mine is expected to add around 15 million tonnes per year (Mtpa) to Vale’s iron ore output, supporting the company’s production guidance of 340–360 Mtpa by 2026.

“Capanema reinforces our commitment to a more responsible mining process — minimally invasive and driven by technology and innovation for optimal resource use and decarbonization,” Vale CEO Gustavo Pimenta said in a news release.

Vale employs around 63,000 people, including contractors, and its operations account for roughly 3.5% of Minas Gerais’ GDP. Over the past two years, the state has been responsible for nearly 45% of Vale’s total iron ore production.

Gold price could see $5,000 if Trump keeps attacking Fed: Goldman Sachs


US President Trump pointing to Fed Chair Jerome Powell over the price of the Federal Reserve’s $2.5 billion renovation. Image source: screenshot taken from CNN | Youtube, July 25, 2025.

US President Donald Trump’s war against the Federal Reserve may send gold prices to as high as $5,000 an ounce by driving down investor confidence in the dollar, says Goldman Sachs Group.

In a note published Thursday, the bank’s analysts warned that Trump’s attempt to interfere with the US central bank could further erode trust in dollar-denominated assets, thereby adding to gold’s safe-haven appeal.

The note, first seen by Financial Times, comes just a day after gold rallied to a new all-time high above $3,560 an ounce. Bullion has now risen by 35% so far this year, as investors and central banks piled into the metal as a hedge against political uncertainty and US debt worries.

The latest rise was fueled by widening expectations that the US will begin to cut interest rates, a scenario that benefits non-yielding assets such as gold. The monetary easing could become even more aggressive should the Trump administration succeed in politicizing the Fed, which sparked concerns amongst some investors.

“A scenario where Fed independence is damaged would likely lead to higher inflation, lower stock and long-dated bond prices and an erosion of the dollar’s reserve currency status,” wrote Daan Struyven, co-head of global commodities research at Goldman Sachs.

On the other hand, “gold is a store of value that doesn’t rely on institutional trust”, Struyven added.

Bullish forecasts

The bank’s base case is that gold could continue its recent rise and achieve an average price of $3,700 by year-end, then $4,000 by mid-2026, assuming that central bank buying remains robust. However, this scenario does not factor in the potential “big move” out of dollar assets, such as bonds, by private investors, which Goldman says could push gold even higher.

“If 1% of the privately-owned US Treasury market were to flow to gold, the gold price would rise to nearly $5,000 per troy ounce,” Struyven wrote.

“We are double overweight gold,” Arun Sai, multi-asset portfolio manager at Pictet Asset Management, told the Financial Times, predicting that there could be another “leg up in gold” given the recent Fed drama, in reference to Trump’s unprecedented move to fire Governor Lisa Cook.


Goldman’s call on gold echoes the thesis built by JPMorgan, which said earlier this year that under the current macroeconomic climate, the yellow metal could realistically reach $6,000 an ounce even with a small allocation away from US assets.

 

Infographic: Who controls uranium?

Uranium is a crucial source of clean, reliable baseload power as nuclear energy, powered by uranium, generates electricity without emitting greenhouse gases during operation. When we look at resources through the lens of geopolitical Spheres of Control, the story is telling.

Thanks to Australia and Canada, the Coalition of the Willing commands a dominant 44% share of the world’s uranium resources.

This strong position means the West is well endowed with the mineralization it needs to fuel nuclear power for decades to come—if it can move past public resistance that is often a result of legacy impacts from unregulated past practices than in rational assessment of nuclear energy’s current strong safety record.

(By Anthony Vaccaro; Files from: Ali Ravaghi; Creative: James Alafriz)

 


Nornickel chief’s ex-wife can pursue massive divorce claim, UK court rules

Vladimir Potanin. (Image: The Kremlin.)

Russian oligarch Vladimir Potanin’s ex-wife can pursue a multi-billion dollar share of his stake in Nornickel, London’s Court of Appeal ruled on Thursday, allowing potentially one of the highest-value divorce cases ever brought to continue.

Potanin, the chief executive of Norilsk Nickel, the world’s largest palladium producer and a major producer of refined nickel – is facing a mammoth divorce claim from his ex-wife Natalia Potanina.

Potanina wants to bring a claim for financial relief following their formal divorce in 2014, which includes a claim for 50% of the value of her ex-husband’s ultimate beneficial interest in shares in Nornickel.

Potanin currently holds a 37% stake in the company, which is valued at nearly $9 billion, according to MOEX data.

His ex-wife is also seeking 50% of any dividends paid to Potanin since 2014 and a high-end Russian property, on which the parties spent around $150 million.

Her lawyers say she received only $41.5 million, less than 1% of the couple’s total assets, after their divorce in the Russian courts, though Potanin said his ex-wife received about $84 million and argued the couple had no connection to Britain.

London’s High Court originally rejected Potanina’s bid to bring a claim in 2019, with a judge saying that if her claim was allowed to proceed “then there is effectively no limit to divorce tourism”.

But on Thursday the Court of Appeal overturned that decision, saying she had very largely severed her ties with Russia and was entitled to bring her claim.

“The discrepancy between her award of the marital assets and the husband’s retained share was significant; the discrepancy between what she had recovered in Russia compared with what she would have recovered had the case been heard in this jurisdiction was equally significant,” the court ruling said.

Potanina’s lawyer Frances Hughes said her client was delighted that the court had recognized the merits of her case.

“She very much hopes that her case can now be resolved and can be concluded without further delay,” she said in a statement.

(By Michael Holden and Sam Tobin; Editing by William James and Ros Russell)

 

ESG and Haney Technical College Launch Marine Apprenticeship Program

Eastern Shipbuilding Group

Published Sep 3, 2025 11:40 PM by The Maritime Executive

 

[By: Eastern Shipbuilding Group]

Eastern Shipbuilding Group, Inc. (ESG), in partnership with Haney Technical College, proudly announces the launch of a new Marine Electrician Apprenticeship Program as part of ESG’s BUILD workforce development initiative. The inaugural class of ten students began training last month, marking a significant step in strengthening the region’s skilled maritime workforce.

This three-year certified apprenticeship program offers participants a unique opportunity to learn while they earn, combining structured on-the-job mentorship from experienced Eastern shipbuilders with classroom instruction at Haney Technical College. Graduates will earn an industry-recognized marine electrician certification and be positioned for long-term career growth within Eastern Shipbuilding Group and the broader maritime industry.

Marine Electrical Apprenticeship Program Highlights:

  • Three-Year Structured Training: Apprentices receive a blend of classroom learning and practical experience alongside Eastern mentors.
  • Periodic Pay Increases: Participants can earn pay raises based on performance and commitment throughout the program.
  • Industry Certification: Graduates leave with a certification recognized across the shipbuilding and marine industry.
  • Career Advancement: Successful apprentices who complete the program will have the opportunity to advance into First Class Marine Electrical roles at Eastern.

“This apprenticeship program is an investment in our people and in the future of American shipbuilding,” said Joey D’Isernia, CEO & Chairman of Eastern Shipbuilding Group. “By working with Haney Technical College, we’re providing hands-on training and a clear career path for those who want to build their future with us.”

“Haney Technical College is proud to partner with Eastern Shipbuilding Group on this program that connects education directly with high-demand careers,” said Angela Reese, Director of Tom P. Haney Technical College. “These students are gaining the skills, training, mentorship, and real-world experience that enables them to join a thriving industry right here in our community.”

The apprenticeship program is part of ESG’s BUILD (Building Up Individuals through Learning and Development) initiative, which is focused on creating pathways for long-term careers in the shipbuilding industry.

The products and services herein described in this press release are not endorsed by The Maritime Executive.

D.E.I.

Trump Nominates Two to Fill FMC Commissioner Vacancies

US Capitol building
Trump administration nominated two Florida executives to join the Federal Maritime Commission

Published Sep 4, 2025 5:26 PM by The Maritime Executive

 


The White House released the names of two Florida executives that it is nominating as commissioners to fill the vacancies on the Federal Maritime Commission. Currently, two seats are open after the terms of Chairman Louis Sola and Commissioner Carl Bentzel expired on June 30.

Laura DiBella, the former Secretary of Commerce for Florida, is nominated for a term expiring June 30, 2028. Robert Harvey, a lawyer currently leading economic development programs in Florida, is nominated for a term expiring June 30, 2029. The administration has not announced its choice for chairman of the FMC to replace Sola. DiBella and Harvey would join current commissioners Rebecca Dye, Daniel Maffei, and Max Vekich.

“I am humbled, honored, and grateful for the faith that President Trump has instilled in me with this nomination. The gravity and responsibility of the role is not lost on me, and I look forward to playing an integral part in carrying out his mission in ‘Restoring America's Maritime Dominance’, ’” DiBella told The Maritime Executive.

She is currently a Government Relations Advisor at the law firm of Adams & Reese. In addition to having served as Florida’s first female Secretary of Commerce (2023), DiBella has extensive experience in economic development, having served as President of Business Development at FlordiaCommerce, President/CEO at Enterprise Florida, and President of the Florida Opportunity Fund (Florida’s Venture Capital arm).

DiBella also holds the distinction of having been appointed as the first-ever, full-time executive director of Florida Harbor Pilots Association. She was at the organization that represents nearly 100 harbor pilots for the state’s 16 deepwater ports from 2019 to 2022. She also served from 2017 to 2019 as the Port Director for the Port of Fernandina, Ocean Highway and Port Authority of Nassau County, Florida.

Robert Harvey and DiBella worked together at Enterprise Florida, where he was General Counsel when DiBella led the state’s economic development arm. Harvey, a lawyer who concentrated his practice in securities litigation, arbitration, and regulation, is now President & Executive Director of the Florida Opportunity Fund, a private, not-for-profit corporation with a mission of mobilizing investments in a broad variety of Florida-based new technology companies. He is also Executive Director of the Florida Development Finance Corporation.

Harvey began his career with the United States Navy, where he served on active duty from 1987 to 1990 as a Navy Judge Advocate and Special Assistant U.S. Attorney.

After confirmation by the U.S. Senate, DiBella and Harvey would join the FMC at a critical time as the Trump administration’s tariffs are reshaping the shipping industry and the administration plans to roll out fees on Chinese-operated or built ships calling at U.S. ports. The administration and the U.S. Congress are focusing on rebuilding the American merchant marine, while the FMC has been moving to ensure fair shipping policies and recently launched an investigation into international flag of convenience states and the administration and enforcement of regulations.


Q&A: Kathy Metcalf, President Emerita, Chamber of Shipping of America

Kathy Metcalf

Published Sep 3, 2025 8:24 PM by Jack O'Connell

 

(Article originally published in July/Aug 2025 edition.)

 

Kathy Metcalf has been a trailblazer from the moment she walked through Vickery Gate at Kings Point as a member of the first coed class of the U.S. Merchant Marine Academy. That was 51 years ago.

Since then, she has sailed aboard oil tankers for Gulf and Sunoco, come shoreside with Sunoco as a regulatory and government affairs official, earned a law degree at night from Widener University and in 1997 accepted an invitation from Joe Cox, the long-time President & CEO of the Chamber of Shipping of America (CSA), to join the Chamber as Director of Maritime Affairs.

Eighteen years later, in 2015, she succeeded Cox as President & CEO of CSA. At each step of the way, she's demonstrated that the maritime industry is not just a "man's world" and that there's plenty of room for women too. Not that she wanted any special treatment, just a fair shot. And she has excelled at every stage of the journey with her common-sense intelligence, interpersonal skills, quick wit and sense of fairness.

In July, Kathy stepped down as President & CEO and handed the reins to her more-than-capable #2, Sean Kline. She will stay on as President Emeritus, working with CSA members on technical and regulatory issues. "It's not 'goodbye,'" she says, "but 'see ya around.'"

Welcome, Kathy! We're so honored to have you. Tell our readers more about yourself. What attracted you to the maritime industry?

It was a bit of a circuitous route. I originally wanted to attend the U.S. Military Academy at West Point and received nominations to West Point, Annapolis and the Air Force Academy. I was, alas, born too soon and received letters from all three explaining that they were not accepting women for the incoming classes in 1972.

Changing direction, I attended the University of Delaware for two years and in the fall of my second year received a call on my dorm phone (yes, it really was a pay phone) from a young Senator from Delaware by the name of Joe Biden. He explained to me that the U.S. Merchant Marine Academy was accepting women in the summer of 1974 and asked if I was interested. My parents and I visited Kings Point the following weekend, and I made the decision to enter in that first class with women in the summer of 1974 and graduated in 1978. I will always be grateful to Senator Biden for giving me this incredible opportunity. My intention was to go active-duty Navy upon graduation, but during my time at Kings Point I realized what a great industry this is and have stayed in it for 51 years.

Remarkable! You then sailed for a while. Were there lessons at sea that transferred to your shore jobs?

Lessons learned during my sailing days helped provide me with the confidence and judgment to tackle whatever new challenges lay ahead. They also endowed me with a mariner's perspective of ship operations, which is critical for a successful move to shoreside management positions. Throughout my shoreside career which included obtaining a law degree, I've always been a mariner first and have taken that perspective into account, recognizing that the linchpin to any successful shipping endeavor are the mariners that make it happen.

Excellent! Tell our readers about the Chamber of Shipping of America. What does it do and what is its history?

The Chamber of Shipping of America (CSA) is the U.S. national shipowners association. For over 100 years, it's represented the interests of shipowners, operators and charterers in the U.S. and internationally at IMO and ILO. Our members own/operate/charter all types of vessels, both U.S. and non-U.S. flagged, engaged in the U.S. domestic and international trades, and we represent them before legislative and regulatory bodies.

Our primary focus is to advise them on current compliance challenges as well as future compliance issues coming down the road.

What are some of those issues?

There are many, but the most important are the global move toward decarbonization of the shipping industry, the risks to shipping from geopolitical challenges (Ukraine/Russia, Middle East), global trade issues including the U.S. Trade Representative's proposal to impose port fees on certain vessels, cybersecurity and simply keeping up to date on new requirements imposed on shipping at the global, national and, in some cases, sub-national levels.

What's the relationship between CSA and the International Chamber of Shipping in London?

CSA is a founding member of the International Chamber of Shipping (ICS) and serves as the U.S. representative on all ICS bodies including the Board of Directors, the Marine Committee, the Maritime Law Committee and the Shipping Policy Committee. CSA also serves on the ICS delegation to IMO meetings. We collaborate on a number of issues at IMO and in the U.S. impacting the industry.

You must be excited about the SHIPS for America Act and the Trump Administration's commitment to "Making Maritime Great Again."

Absolutely! I remember in 1978, when I graduated from Kings Point, there were hundreds of U.S.-flag vessels trading internationally. Over the last five decades, we've allowed our commercial shipbuilding and U.S.-flag international fleet to shrink to unacceptable levels as regards national and economic security – due principally to neglect. With thanks to the President, Senators Mark Kelly and Todd Young and Representatives Trent Kelly and John Garamendi, the industry is in the first stages of revitalization.

It took us a long time to get to where we are now, and it will take some time to bring the industry back. What is desperately needed is a leader (champion!) who can bring all these stakeholders and programs together across the legislative and executive branches and that position, in my opinion, needs to be in the White House.

What will it take to make the dream of a 250-vessel fleet a reality?

That's a tough one to answer. We obviously need more U.S. shipyards, shipyard workers and ultimately more mariners to man these vessels. Less obvious, but just as important, is the need to create a business environment where U.S. shipyards and U.S.-flag vessels can compete in the international marketplace. This will likely be accomplished through a combination of public funding (subsidies in one form or another) and private sector investment. Ultimately, we need cargo. All these new ships and mariners won't make a difference if the cargo isn't there!

Where will the mariners come from? How can we make maritime a more attractive career choice for the next generation?

We've been trying to address this challenge for years. First, we need a comprehensive outreach program that makes the general public aware of just how important the commercial maritime industry is to our national economy and security.

Second, we need an equally comprehensive outreach program for kids in middle school through high school to introduce them to the opportunities in the maritime industry.

And third, we're losing maritime academy graduates to the tech sector in significant numbers and have to figure out a way to make maritime jobs more attractive. Salaries between the maritime and tech industries are comparable, but tech doesn't require you to be away from home and family for six months of the year.

What is the future of the Jones Act? Will it have to be modified in some way to accommodate the new push?

CSA supports the Jones Act in its current form. Keep in mind that the SHIPS for America Act is focused on building the U.S.-flag internationally trading fleet, so I don't see what modifications would be necessary since the U.S. build requirement would not apply to U.S.-flag vessels engaged in international trade. This allows for the reflagging of foreign-built vessels into the U.S. flag international fleet.

You've been a trailblazer – a woman in a man's world – your entire life. What's it been like? How do you see the future of women in maritime?

I've never seen myself as a trailblazer. I was just a lucky person who happened to be in the right place at the right time. All I wanted was a fair chance to succeed in a career that at the time had very few women. I got that fair chance, and it was up to me to take advantage of the opportunities before me.

I could not have succeeded without my brothers (and sisters) at Kings Point and later in the industry that provided support and encouragement. From my perspective, success is not the result of one person's efforts. It's about your efforts and how you interact with the good people around you, including family, friends and professional colleagues.

Are you a member of WISTA, the Women's International Shipping & Trading Association?

I am a proud member of WISTA U.S.! WISTA is a unique organization that is obviously focused on women in the maritime industry but has grown to be much more than that. WISTA Sistas have welcomed WISTA Mistas, and the support, collaboration and friendships are unmatched by any other organization in which I have participated.

Wonderful! Any final message for our readers?

As someone in the latter stages of her career, I would like to send a message to the new generation of maritime professionals, including those in their early years at the academies: Make a plan with a pencil and eraser. The key to progress in life and in your career is how you adapt to change and react to new and unplanned opportunities.

The opinions expressed herein are the author's and not necessarily those of The Maritime Executive.



 

Stena Bulk & Crowley Addition of CS Anthem to the Tanker Security Program

Stena Bulk
CS Anthem

Published Sep 3, 2025 11:29 PM by The Maritime Executive

 

[By: Stena Bulk]

The joint venture between Stena Bulk and Crowley, Crowley Stena Marine Solutions, has received approval from the U.S. Maritime Administration (MARAD) to bring the CS Anthem, a medium-range tanker, into the United States Tanker Security Program (TSP).

The U.S.-flagged 49,990mt CS Anthem will be managed and crewed by Crowley under a bareboat charter through Crowley Stena Marine Solutions. The vessel enters the program alongside Stena Imperative and Stena Impeccable, replacing the Stena Immaculate.

Erik HÃ¥nell, President and CEO of Stena Bulk, said: “The addition of CS Anthem highlights our commitment to the Tanker Security Program. Following the challenging incident with the Stena Immaculate earlier this year, we felt that it was important to do everything in our power to ensure we can maintain reliable tanker capacity for our US partners.

“Our joint venture with Crowley continues to demonstrate the value of combining our global tanker leadership and expertise with Crowley’s US-flag leadership to deliver agile and dependable solutions.”

Through the tanker security programme, CS Anthem will provide vital energy transport readiness in support of the U.S. Department of Defense and help bolster the nation’s strategic sealift capacity.

Stena Bulk, through Crowley Stena Marine Solutions, remains committed to providing high-quality and reliable tanker services globally, that meet the needs of both government and commercial customers across global energy and transport supply chains.

The products and services herein described in this press release are not endorsed by The Maritime Executive

 

Houthis Attempt to Increase Attacks on Shipping After Israeli Actions 

ZIONIST WAR ON YEMEN

vessels in the Red Sea
EUNAVFOR Aspides continues its protection efforts as the Houthis claim new attacks (EUNAVFOR Aspides)

Published Sep 4, 2025 1:28 PM by The Maritime Executive

 


The Houthi militants have not made new threats against shipping, but there appears to be another increase in activity both against Israel and shipping that it links to Israel. It comes after the Israelis renewed their statements vowing to stop the Houthi aggression after the militants started to use missiles with cluster bombs.

UK Maritime Trade Operations issued a new warning of suspicious activity today, September 4, after receiving reports from an unnamed vessel in the Red Sea. The vessel’s master informed the tracking operations that “an unknown projectile” hit the sea at “some distance” from the vessel. The ship and its crew were reported uninjured and proceeding. The incident took place while the ship was approximately 178 nautical miles northwest of Hudaydah, Yemen, in the Red Sea north of the Bab al-Mandeb strait.

The warning also states that the master said the vessel had experienced “severe electronic interference” while it was transiting in the region. UKMTO is advising caution during transits.

The attack came as Lloyd’s List published new data showing that the number of vessels making the Red Sea transit increased last month. They calculate that transits were at their highest level since January 2024, and they cite increases from LPG tankers and bulkers, as well as the transits by tankers. The container carriers have continued to mostly divert their vessels around Africa.

UKMTO numbers today’s incident as the thirtieth of 2025 after well over 100 in 2024. However, there had been a lull after the Houthis took credit for sinking two bulk carriers, Magic Seas and Eternity C, in July.

Last week, Israel responded to what it said was the first attack using cluster weapons. After threatening the leadership of the Houthis, Israel attacked, killing one of the group’s senior leaders, the self-declared prime minister of the Houthis, Ahmed al-Rahawi. Associated Press determined, based on photos, that there were a total of 11 coffins in the funeral processional on Monday.

The day before, the Liberian-registered chemical tanker Scarlet Ray also reported a missile had splashed near the vessel and exploded. The Houthis claimed they struck the vessel, which is operated by Eastern Pacific, the Idan Ofer company. Eastern Pacific later also reported the vessel had not sustained damage.

The Houthis also made a claim on Tuesday, September 2, to have struck the MSC Aby (110,387 dwt / 9648 TEU). The unconfirmed report, which was dismissed by security consultants as likely false, said they had launched two drones and a missile that struck the containership in the Northern Red Sea. The ship, according to MSC’s published schedule, was due in Jeddah, Saudi Arabia.

Analysts have raised concern, however, that the Houthis have extended the reach of their attacks further north into the Red Sea, threatening the region near Saudi Arabia. Last year’s attacks were mostly in the southern Red Sea near the strait or in the Gulf of Aden.

While there have been reports of attacks on shipping in recent days, the group is focused mostly on Israel. Today, September 4, they claimed another missile launch, which reports say the Israelis intercepted. Analysts note, however, that the launches directed at Israel are coming at an increased frequency, either daily or multiple times in a day. The Israelis have again made public statements that they will increase their response to stop the launches.