(Commonwealth) _ In a concerning escalation of maritime tensions, Houthi forces intensified their campaign against Red Sea shipping by launching two ballistic missiles at the Liberian-flagged merchant ship Pinocchio. The vessel, owned and operated by entities with Singaporean addresses, was targeted approximately at 0850 and 1250 hours, local time. Fortunately, neither missile struck the Panamax boxship, and it continued its commercial voyage, reporting an explosion sound near its location about 70 nautical miles off Saleef, Yemen. The Panamax container ship Pinocchio, a vessel central to the recent Houthi missile attacks in the Red Sea, is commercially operated by SeaLead, a container line with offices situated in Singapore and Dubai. Despite being a relatively small player in the industry, SeaLead has established a noteworthy presence in the region, particularly since its inception in 2017 when it commenced operations by providing feeder services in the Red Sea...Read More