Shipping firms respond to Houthi attacks in Red Sea
Updates with fresh comment from Maersk
Aug 1 (Reuters) -Attacks on vessels in the Red Sea by Iran-aligned Houthi militants have disrupted a shipping route vital to east-west trade, with prolonged rerouting of shipments pushing freight rates higher and causing congestion in Asian and European ports.
Below are actions taken by some shipping companies (in alphabetical order):
CMA CGM
The French shipping group has suspended most Red Sea voyages but is still sending some cargoes on a case by case basis when French navy escorts are possible, Chairman and CEO Rodolphe Saade said in February.
DIANA SHIPPING DSX.N
The company's vessels are avoiding the Suez Canal.
"Suez Canal transits are running about 40% below those seen during the first half of December last year. This is partially the result of several operators including ourselves avoiding the area," President Anastasios Margaronis said in February.
DSV DSV.CO
The world's third-largest freight forwarder DSV DSV.CO said on July 24 that higher freight volume boosted earnings in the second quarter. It also expects a positive impact from the disruptions in the second half of the year.
EURONAV EUAV.BR
The Belgian oil tanker firm said in December it would avoid the Red Sea until further notice.
EVERGREEN 2603.TW
The Taiwanese container shipping line said in December its vessels on regional services to Red Sea ports would sail to safe waters nearby, while ships scheduled to pass through the Red Sea would be rerouted around Africa.
FRONTLINE FRO.OL
The Norway-based oil tanker group said in December its vessels would avoid the Red Sea and the Gulf of Aden.
GRAM CAR CARRIERS GCC.OL
The Norwegian auto carrier said in December its vessels were restricted from passing through the Red Sea.
HAFNIA HAFNI.OL
The Norwegian shipping firm said in January it had halted all ships heading towards or within the Bab al-Mandab Strait.
HAPAG-LLOYD HLAG.DE
The German container shipping line decided in January to reroute its vessels around Africa until further notice.
It said in June it did not expect the industry to resume sailing in the Red Sea even if a ceasefire between Hamas and Israel was reached immediately.
It has also said the disruptions and global vessel oversupply would force it to cut expenses in 2024, including adapting sailings.
HMM 011200.KS
The South Korean container shipper in December ordered ships that would normally use the Suez Canal to reroute around Africa.
HOEGH AUTOLINERS HAUTO.OL
The Norwegian auto carrier said in December it would stop sailing via the Red Sea. In February, it said the disruptions were adversely impacting its capacity and volumes.
KLAVENESS COMBINATION CARRIERS KCCK.OL
The Norway-based fleet operator said in January its vessels would avoid the Red Sea until the situation improves.
KUEHNE + NAGEL KNIN.S
The Swiss logistics group said in March it expected the impact from the disruptions to last into the coming quarters.
It said on July 23 the impact on its business was "minimal", and it was ready for higher second-half demand after increased use of its Sea-Air Logistics service.
MAERSK MAERSKb.CO
Maersk said on Aug. 1 it expected the disruptions to continue at least until the end of 2024, as it raised its full-year outlook again partly due to the crisis.
The Danish group, which has suspended Red Sea traffic, said in July it was experiencing a cascading impact from disruptions in the region, with congestions to its entire ocean network.
MSC
Mediterranean Shipping Company (MSC) said in December its ships would not transit through the Suez Canal.
NIPPON YUSEN 9101.T
Japan's biggest shipper by sales suspended navigation through the Red Sea for all its vessels, a spokesperson told Reuters in January.
OCEAN NETWORK EXPRESS
The joint venture between Japan's Kawasaki Kisen Kaisha 9107.T, Mitsui O.S.K. Lines 9104.T and Nippon Yusen said in December it would reroute vessels around the Cape of Good Hope or temporarily pause journeys and move to safe areas.
OOCL
The Hong Kong-headquartered container group said in December it had instructed vessels to either divert away from the Red Sea or suspend sailing. It also stopped accepting cargo to and from Israel until further notice.
STAR BULK
Greece-headquartered Star Bulk's CEO said in February it would halt sailings through the Red Sea after attacks on two of its ships.
TAILWIND SHIPPING LINES
The Lidl unit, which transports non-food goods for the discount supermarket chain and goods for third-party customers, said in December it was sailing around Africa for now.
TORM TRMDa.CO
The Danish oil tanker group in January paused all transits through the southern Red Sea for the time being.
WALLENIUS WILHELMSEN WAWI.OL
The Norwegian shipping group said in December it would halt Red Sea transits until further notice.
Type of goods shipped via the Suez route https://tmsnrt.rs/3NBsrTC
Vessels re-routing around Africa https://tmsnrt.rs/3NVTcCz
Singapore port congestion shows global ripple impact of Red Sea attacks nL8N3IH07O
Compiled by Paolo Laudani, Izabela Niemiec, Jesus Calero, Louis van Boxel-Woolf, Tristan Veyet, Elsa Ohlen and Tomasz Kanik in Gdansk; Editing by Alexander Smith, Miral Fahmy and Milla Nissi
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