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Saudi vessel Amzan involved in Red Sea security incident
The National Saudi Shipping Company announced that its ship "Omzan" was involved in a security incident in the Red Sea, confirming the safety of all crew members and that no injuries were recorded. This incident occurs amid escalating regional tensions, as the Houthi group in Yemen claimed to have targeted a Saudi oil tanker with a missile off the coast of Yanbu. Saudi Arabia is working on establishing a state-backed insurance program to reduce shipping and maritime line insurance costs due to the increasing risks in the region.
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