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Factbox-Shipping firms react to Houthi attacks in the Red Sea

Published 01/02/2024, 09:16 AM
Updated 01/03/2024, 08:15 AM
© Reuters. FILE PHOTO: Containers are seen stacked up on the container ship CMA CGM Benjamin Franklin at the port of Antwerp, Belgium September 23, 2022. REUTERS/Yves Herman/File Photo

(Reuters) - Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea since November to show their support for Palestinian Islamist group Hamas fighting Israel in Gaza.

The attacks impact a route vital to East-West trade, especially of oil, as ships use the Red Sea to access the Suez Canal.

In response, some of the world's largest shipping companies have diverted vessels around southern Africa's Cape of Good Hope, adding time and costs to voyages.

Below are actions take by companies (in alphabetical order):

C.H. ROBINSON

The global logistics group said on Dec. 22 it had rerouted more than 25 vessels around the Cape of Good Hope over the past week, and that number would likely grow.

"Blank sailings and rate increases are expected to continue across many trades into Q1 of 2024," it added.

CMA CGM

The French shipping group is planning a gradual increase in the number of vessels transiting the Suez Canal, it said on Dec. 26. "This decision is based on an in-depth evaluation of the security landscape and our commitment to the security and safety of our seafarers," CMA CGM said in a statement.

The company had previously rerouted several vessels via the Cape of Good Hope.

EURONAV

The Belgian oil tanker firm said on Dec. 18 it would avoid the Red Sea until further notice.

EVERGREEN

The Taiwanese container shipping line said on Dec. 18 its vessels on regional services to Red Sea ports would sail to safe waters nearby and wait for further notification, while ships scheduled to pass through the Red Sea would be rerouted around the Cape of Good Hope. It also temporarily stopped accepting Israeli cargo.

FRONTLINE

The Norway-based oil tanker group said on Dec. 18 that its vessels would avoid the Red Sea and the Gulf of Aden.

GRAM CAR CARRIERS

The Norwegian company, which specialises in transporting vehicles, said on Dec. 21 its vessels were restricted from passing through the Red Sea.

HAPAG-LLOYD

The German container shipping line said on Jan. 2 it had decided to continue to avoid the Red Sea, instead diverting vessels to the Cape of Good Hope, until at least January 9 when it would again assess the situation.

A projectile believed to be a drone struck one of its vessels sailing close to the coast of Yemen on Dec. 15. No crew were injured.

HMM

The South Korean container shipper said on Dec. 19 it had ordered its ships which would normally use the Suez Canal to reroute via the Cape of Good Hope.

HOEGH AUTOLINERS

The Norwegian shipping company said on Dec. 20 it would stop sailing via the Red Sea after the Norwegian Maritime Authority raised its alert for the southern part of the sea to the highest level.

KLAVENESS COMBINATION CARRIERS

The Norway-based fleet operator said on Dec. 28 it was unlikely to sail any of its vessels in the Red Sea, unless the situation improves.

MAERSK

The Danish shipping group said on Jan. 2 regarding the Red Sea that it would "continue to pause all cargo movement through the area while we further assess the constantly evolving situation".

On Dec. 31 it had announced a 48-hour pause on Red Sea sailing after Houthi militants attacked the Maersk Hangzhou container vessel.

MSC

Mediterranean Shipping Company (MSC) said on Dec. 16 its ships would not transit through the Suez Canal, with some already rerouted via the Cape of Good Hope, a day after two ballistic missiles were fired at one of its vessels.

OCEAN NETWORK EXPRESS

Ocean Network Express (ONE), a joint venture between Japan's Kawasaki Kisen Kaisha, Mitsui O.S.K. Lines and Nippon Yusen, said on Dec. 19 it would re-route vessels away from the Red Sea to the Cape of Good Hope or temporarily pause journeys and move to safe areas.

OOCL

The Hong Kong-headquartered container group said on Dec. 21 it had instructed its vessels to either divert their route away from the Red Sea or suspend sailing. The company, owned by Orient Overseas (International) Ltd, has also stopped accepting cargo to and from Israel until further notice.

WALLENIUS WILHELMSEN

The Norwegian shipping group said on Dec. 19 it would halt Red Sea transits until further notice. Rerouting vessels via the Cape of Good Hope will add 1-2 weeks to voyage durations, it said.

© Reuters. FILE PHOTO: Containers are seen stacked up on the container ship CMA CGM Benjamin Franklin at the port of Antwerp, Belgium September 23, 2022. REUTERS/Yves Herman/File Photo

YANG MING MARINE TRANSPORT

The Taiwanese container shipping company said on Dec. 18 it would divert ships sailing through the Red Sea and the Gulf of Aden via the Cape of Good Hope for the next two weeks.

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