Yemen's Houthis claimed responsibility for targetting a Liberian-flagged, Greek-owned ship, prompting Israeli retaliation and surging regional war fears.

The sinking of the MSC ELSA 3, a Liberian-flagged container ship, off the southern coast of India has triggered a multi-layered crisis involving environmental damage, disrupted coastal economies, and complex insurance liabilities.

Israel’s military launched airstrikes early Monday targeting ports and facilities held by Yemen’s Houthi rebels, with the rebels responding with missile fire targeting Israel

The wind and waves drove the ship into Cedar Cove, where it was relatively accessible for a salvage effort. It was lodged on a shelf along the rocky shoreline, which has given the 22,000-tonne ship some stability.

The weather prevented feeder vessels from collecting cargo from larger, mainline ships anchored at sea and transporting it through Bangladesh’s waterways.

Contained in the new federal spending law formerly known as the "Big Beautiful Bill" is funding for 17 icebreakers, 21 cutters, more than 40 helicopters and six large patrol airplanes, Coast Guard officials said. It could take as long as 15 years to get the first of the large ships commissioned, according to government estimates.