The world's shipping industry called on the UN on Friday to provide enhanced military protection for vessels and their crews operating in the Middle East following the seizure of a container ship by Iran.
On Saturday, Iranian armed forces seized a container ship near the Strait of Hormuz amid rising regional tension.
“The world would be outraged if four airliners were seized and held hostage with innocent souls on board,” said a letter from the world's leading shipping industry associations, addressed to UN Secretary General António Guterres.
“Regrettably, there does not seem to be the same response or concern for the four commercial vessels and their crews being held hostage.”
According to the US Navy, Iran has “attacked or seized” about 20 internationally flagged merchant vessels since 2021.
The world's leading shipping industry associations said Iran's seizure of the MSC Aries container ship “once again highlighted the intolerable situation where shipping has become a target”.
The letter also stated that seafarers and the maritime sector should remain “neutral” and not be subject to “politicisation”.
“Given the continually evolving and severe threat profile within the area, we call on you for enhanced co-ordinated military presence, missions and patrols in the region, to protect our seafarers against any further possible aggression,” it added.
The incident has led companies to reroute vessels, significantly prolonging travel times and escalating operational costs necessary to sustain trade flows.
Recent attacks on merchant shipping in the Red Sea and the Gulf of Aden by Yemen's Iran-aligned Houthis have also affected maritime transport in the region.
In January, Danish container shipping giant Maersk said it would reroute all vessels around Africa, avoiding the Red Sea and Suez Canal indefinitely, three days after Houthi forces attacked the company's vessel Hangzhou, prompting an intervention by the US military.
Last week, Washington's National Security Council announced the US military is working with allies to deploy more ships and aircraft to the Middle East, especially the Arabian Gulf.
It said it will also be increasing its co-ordination with the International Maritime Security Construct, an alliance of 11 nations focused on safeguarding merchant shipping in the region.
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Goalkeepers: Thibaut Courtois (Chelsea), Simon Mignolet (Liverpool), Koen Casteels (VfL Wolfsburg).
Defenders: Toby Alderweireld (Tottenham), Thomas Meunier (Paris Saint-Germain), Thomas Vermaelen (Barcelona), Jan Vertonghen (Tottenham), Dedryck Boyata (Celtic), Vincent Kompany (Manchester City).
Midfielders: Marouane Fellaini (Manchester United), Axel Witsel (Tianjin Quanjian), Kevin De Bruyne (Manchester City), Eden Hazard (Chelsea), Nacer Chadli (West Bromwich Albion), Leander Dendoncker (Anderlecht), Thorgan Hazard (Borussia Moenchengladbach), Youri Tielemans (Monaco), Mousa Dembele (Tottenham Hotspur).
Forwards: Michy Batshuayi (Chelsea/Dortmund), Yannick Carrasco (Dalian Yifang), Adnan Januzaj (Real Sociedad), Romelu Lukaku (Manchester United), Dries Mertens (Napoli).
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Teaching your child to save
Pre-school (three - five years)
You can’t yet talk about investing or borrowing, but introduce a “classic” money bank and start putting gifts and allowances away. When the child wants a specific toy, have them save for it and help them track their progress.
Early childhood (six - eight years)
Replace the money bank with three jars labelled ‘saving’, ‘spending’ and ‘sharing’. Have the child divide their allowance into the three jars each week and explain their choices in splitting their pocket money. A guide could be 25 per cent saving, 50 per cent spending, 25 per cent for charity and gift-giving.
Middle childhood (nine - 11 years)
Open a bank savings account and help your child establish a budget and set a savings goal. Introduce the notion of ‘paying yourself first’ by putting away savings as soon as your allowance is paid.
Young teens (12 - 14 years)
Change your child’s allowance from weekly to monthly and help them pinpoint long-range goals such as a trip, so they can start longer-term saving and find new ways to increase their saving.
Teenage (15 - 18 years)
Discuss mutual expectations about university costs and identify what they can help fund and set goals. Don’t pay for everything, so they can experience the pride of contributing.
Young adulthood (19 - 22 years)
Discuss post-graduation plans and future life goals, quantify expenses such as first apartment, work wardrobe, holidays and help them continue to save towards these goals.
* JP Morgan Private Bank
More from Aya Iskandarani
Three tips from La Perle's performers
1 The kind of water athletes drink is important. Gwilym Hooson, a 28-year-old British performer who is currently recovering from knee surgery, found that out when the company was still in Studio City, training for 12 hours a day. “The physio team was like: ‘Why is everyone getting cramps?’ And then they realised we had to add salt and sugar to the water,” he says.
2 A little chocolate is a good thing. “It’s emergency energy,” says Craig Paul Smith, La Perle’s head coach and former Cirque du Soleil performer, gesturing to an almost-empty open box of mini chocolate bars on his desk backstage.
3 Take chances, says Young, who has worked all over the world, including most recently at Dragone’s show in China. “Every time we go out of our comfort zone, we learn a lot about ourselves,” she says.
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
