On Monday, June 21st, the UK added another 135 tankers to its Russia sanctions list, bringing the total number of banned ships over the past 13 months to approximately 424. Of the newly sanctioned vessels: Russian exposure is no longer easily identifiable, as sanctions increasingly target entities beyond the vessels themselves. The UK has now...
The European Union’s 18th sanctions package on Russia recalibrates global oil trades once again and intensifies shipping risk and compliance complexity across the maritime domain. Western sanctions have already bifurcated global trade. Now, enforcement is similarly diverging: while the EU introduces a dynamic price cap mechanism, alongside the UK; the United States continues to uphold...
Red Sea Risk Rises After Two Houthi Attacks in 48 Hours
What’s inside?
The Houthis Are Back, and with a Vengeance
After a seven-month lull in Houthi attacks on commercial shipping, two vessels were targeted within 48 hours using drones and rocket-propelled grenades launched from multiple small craft.
Both vessels were Greek-owned, and each belonged to fleets with other ships that had called at Israeli ports within the past 12 months, according to Windward data.
In the last 30 days, 359 Greek-owned vessels transited the Red Sea or Bab-el-Mandeb, accounting for roughly 20% of all traffic in the region.
Also at risk are vessels transiting the region that belong to fleets with a history of Israeli port calls. In the past six months, 1,113 ships called at Israeli ports; these are linked to more than 15,000 vessels through shared ownership or management. In theory, this puts one in six ships worldwide at heightened risk of Houthi targeting if they transit the Red Sea.
Liberian-Flagged Bulk Carrier Eternity C Hit in Fatal Houthi Attack
The Liberian-flagged Eternity C (IMO 9588249), operated by Piraeus-based Cosmoship Management, was attacked on July 7 at 16:43 UTC, approximately 51 nautical miles west of Al Hudaydah, Yemen, according to UK Maritime Trade Operations.
Two crew are dead and two crew injured after second Greek-owned bulk carrier is attacked in two days. Source: Windward Maritime AI™
The vessel appeared to have its AIS switched off during the transit. Within the same fleet, another Cosmoship bulk carrier called at Ashdod, Israel in November, while a containership made port calls in Haifa, Israel in March, April, and July 2025.
A day earlier, the crew of the Greek-owned bulk carrier Magic Seas (IMO 9736169) was forced to abandon ship following a July 6 attack — the first since December 2024. The Houthis claim the vessel has since sunk, which would mark the third commercial ship lost in the past 18 months.
Renewed Red Sea Attacks Raise Urgent Questions for Commercial Shipping
With risk in the Red Sea escalating sharply, a key question emerges: will Greek-owned vessels continue transiting the region? Or will operators begin recalibrating risk assessments to account for Israeli port calls by related fleet members — now a clear trigger for targeting?
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