The Houthi movement, formally known as Ansar Allah, has significantly escalated its threat to maritime trade, particularly around the Bab al Mandeb Strait, a crucial maritime choke point. This strategic location is vital for global shipping routes, and disruptions here can have far-reaching economic impacts. Since October 2023, following the Hamas attacks and Israel’s military response in Gaza, the Houthis have intensified their operations, targeting Israeli territory as well as commercial and naval vessels in the Red Sea.

Venture Global has announced the successful launch of its first LNG vessel, the Venture Gator, during a ceremony at the Samsung Heavy Industries shipyard in Geoji-si, South Korea. The Venture Gator is the inaugural ship of nine LNG carriers in the Venture Global fleet, set to be completed rapidly over the next 24 months across three South Korean shipyards. These vessels will transport LNG from the U.S. to various global partners and destinations.