By Our Reporter
Malaysia has today, Wednesday, 20th December, 2023 banned Israeli-flagged cargo ships from docking at its ports in response to Israel’s actions in Gaza, which it said ignores “basic humanitarian principles”.
Ships on their way to Israel will also be barred from loading cargo at any port in the largely Muslim South-east Asian nation with immediate effect, said Prime Minister Anwar Ibrahim in a statement.
Anwar singled out Israel’s biggest shipping firm, ZIM.
Malaysia’s Cabinet had authorised ZIM to dock its vessels at Malaysian ports in 2002, but Wednesday’s statement said that authorisation had been rescinded.
“The Malaysian government decided to block and disallow the Israeli-based shipping company ZIM from docking at any Malaysian port,” Anwar said.
“These sanctions are a response to Israel’s actions that ignore basic humanitarian principles and violate international law through the ongoing massacre and brutality against Palestinians.”
Now the Strait of Malacca is closed for the Israeli ZIM shipping company. The biggest shipping company in Israel.
The Strait of Malacca is one of the busiest maritime trade routes in the world, connecting the Indian Ocean to the Pacific Ocean and serving as a crucial thoroughfare for international shipping. Being unable to transit through this area will create logistical challenges for Israeli businesses.
This, coupled with the Yemeni Houthi rebels blocking Israeli flagged ships on the Red Sea is a complete mess for the Israeli economy.
The Israeli financial newspaper Globes reported that Israeli shipping companies have lost around 23% of their market value, representing a loss of billions of dollars.