In response to the growing threat to commercial shipping in the Red Sea, Hong Kong-based shipping company OOCL has announced Sunday the ban of shipments to and from "Israel".

According to Israeli media, the port of "Eilat" has also been completely disabled.

OOCL's headquarters are in Hong Kong, and it has announced it will immediately end its shipment of Israeli goods whether imported or exported to all destinations.

In a statement published on its website, the company wrote “Due to operational issues, OOCL will stop cargo acceptance to and from Israel with immediate effect until further notice."

According to Israeli media, the suspension of Israeli goods means the company is specifically targeting "Israel" in a boycott, and if shipping companies choose to boycott "Israel" then the occupation will be isolated.

If shipping companies have to reroute to reach "Israel", Israeli media warned about the longer shipping time and result in higher costs of shipping for Israelis.

This in turn will lead to a rising cost that will undoubtedly raise inflation and make it difficult for the Central Bank of "Israel" to tackle interest rates.

On Friday, Axios highlighted that the arrival of merchant ships at the Israeli port of "Eilat" has "almost completely stopped" due to attacks from the Yemeni Armed Forces in the Red Sea against ships heading to the Israeli occupation entity.

On Saturday, the Yemeni Armed Forces carried out a military operation using unmanned aerial vehicles on sensitive targets in the Umm al-Rashrash region ("Eilat") in southern occupied Palestine, with a large swarm of drones.

The Yemeni armed forces specified in a statement that the operation is in solidarity with the Palestinian people who are subjected to death, destruction, and a blockade in Gaza.

Shipping firms MSC, CMA CGM suspend passage through Red Sea

After repeated operations from Yemeni Armed Forces in the Red Sea, the Mediterranean Shipping Company and CMA CGM, announced Saturday they were suspending passage through the Red Sea.

The declaration by MSC, an Italian-Swiss conglomerate, and CMA CGM, a French shipping company, follows a similar move by the world's second-largest shipping company, A.P. Moller-Maersk, who announced, on Friday, the suspension of all container traffic through the Red Sea until further notice.

This decision comes in response to an attack by the Yemeni Armed Forces on container ships heading to Israeli-occupied Palestine in the Bab al-Mandab Strait.

Simultaneously, the Yemeni Armed Forces announced that their Naval forces carried out a military operation against the Maersk Gibraltar cargo ship, which was en route to the Israeli occupation entity.

On Saturday morning, the US Central Command (CENTCOM) claimed a US missile destroyer in the Red Sea shot down 14 drones fired from Yemen, adding that regional allies had been notified of the incident.