Shipping firms respond to Houthi attacks in Red Sea
Recasts paragraphs 1; updates Hapag-Lloyd, Kuehne+Nagel, Maersk
July 2 (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 on Feb. 29.
The company expects disruptions to commercial shipping to last months.
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 on Feb. 23.
EURONAV EUAV.BR
The Belgian oil tanker firm said on Dec. 18 it would avoid the Red Sea until further notice.
EVERGREEN 2603.TW
The Taiwanese container shipping line said on Dec. 18 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 on Dec. 18 that its vessels would avoid the Red Sea and the Gulf of Aden.
GRAM CAR CARRIERS GCC.OL
The Norwegian auto carrier said on Dec. 21 its vessels were restricted from passing through the Red Sea.
HAFNIA HAFNI.OL
The Norwegian shipping firm said on Jan. 12 it had halted all ships heading towards or within the Bab al-Mandab Strait.
HAPAG-LLOYD HLAG.DE
The German container shipping line, which in January decided to reroute its vessels around Africa until further notice, said on June 11 it did not expect the shipping industry to resume sailing in the Red Sea even if a ceasefire between Hamas and Israel was reached immediately.
It said on March 14 that the Red Sea disruptions and global vessel oversupply would force it to cut expenses in 2024, including adapting sailings.
HMM 011200.KS
The South Korean container shipper said on Dec. 19 it had ordered ships that would normally use the Suez Canal to reroute around Africa.
HOEGH AUTOLINERS HAUTO.OL
The Norwegian auto carrier said on Dec. 20 it would stop sailing via the Red Sea.
On Feb. 8, it said the disruptions were adversely impacting its capacity and volumes.
KLAVENESS COMBINATION CARRIERS KCCK.OL
The Norway-based fleet operator said on Jan. 16 it would not trade any of its vessels through the Red Sea until the situation improves.
KUEHNE + NAGEL KNIN.S
The Swiss logistics group said on March 1 it expects the impact from the Red Sea crisis to last into the coming quarters and impact its second-quarter operating profit in a low double-digit million Swiss francs range.
On April 23, CEO Stefan Paul said during a conference call that the company expected freight rates to normalise towards the end of the second quarter.
MAERSK MAERSKb.CO
The Danish shipping group, which suspended Red Sea traffic on Jan. 5 "for the foreseeable future", said on May 6 that the disruption to container shipping traffic was increasing and was expected to reduce the industry's capacity between Asia and Europe by some 15-20% in the second quarter.
On July 1, it said the upcoming months would be challenging for carriers and businesses, as disruptions continue into the third quarter. It had in May forecast that the disruptions would last at least until the end of 2024.
MSC
Mediterranean Shipping Company (MSC) said on Dec. 16 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 vessels it operates, a spokesperson told Reuters on Jan. 16.
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 on Dec. 19 it would reroute vessels 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 away from the Red Sea or suspend sailing. It also stopped accepting cargo to and from Israel until further notice.
STAR BULK
Star Bulk's CEO said on Feb. 13 that the Greece-headquartered company would halt sailings through the Red Sea after Houthis attacked 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 said on Jan. 12 it had decided to pause all transits through the southern Red Sea for now.
WALLENIUS WILHELMSEN WAWI.OL
The Norwegian shipping group said on Dec. 19 it would halt Red Sea transits until further notice.
YANG MING MARINE TRANSPORT 2609.TW
The Taiwanese container shipping company said on Dec. 18 it would divert ships via the Cape of Good Hope for the next two weeks. It has given no further update.
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 and Milla Nissi
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دستبرداری: XM Group کے ادارے ہماری آن لائن تجارت کی سہولت تک صرف عملدرآمد کی خدمت اور رسائی مہیا کرتے ہیں، کسی شخص کو ویب سائٹ پر یا اس کے ذریعے دستیاب کانٹینٹ کو دیکھنے اور/یا استعمال کرنے کی اجازت دیتا ہے، اس پر تبدیل یا توسیع کا ارادہ نہیں ہے ، اور نہ ہی یہ تبدیل ہوتا ہے یا اس پر وسعت کریں۔ اس طرح کی رسائی اور استعمال ہمیشہ مشروط ہوتا ہے: (i) شرائط و ضوابط؛ (ii) خطرہ انتباہات؛ اور (iii) مکمل دستبرداری۔ لہذا اس طرح کے مواد کو عام معلومات سے زیادہ کے طور پر فراہم کیا جاتا ہے۔ خاص طور پر، براہ کرم آگاہ رہیں کہ ہماری آن لائن تجارت کی سہولت کے مندرجات نہ تو کوئی درخواست ہے، اور نہ ہی فنانشل مارکیٹ میں کوئی لین دین داخل کرنے کی پیش کش ہے۔ کسی بھی فنانشل مارکیٹ میں تجارت میں آپ کے سرمائے کے لئے ایک خاص سطح کا خطرہ ہوتا ہے۔
ہماری آن لائن تجارتی سہولت پر شائع ہونے والے تمام مٹیریل کا مقصد صرف تعلیمی/معلوماتی مقاصد کے لئے ہے، اور اس میں شامل نہیں ہے — اور نہ ہی اسے فنانشل، سرمایہ کاری ٹیکس یا تجارتی مشورے اور سفارشات؛ یا ہماری تجارتی قیمتوں کا ریکارڈ؛ یا کسی بھی فنانشل انسٹرومنٹ میں لین دین کی پیشکش؛ یا اسکے لئے مانگ؛ یا غیر متنازعہ مالی تشہیرات پر مشتمل سمجھا جانا چاہئے۔
کوئی تھرڈ پارٹی کانٹینٹ، نیز XM کے ذریعہ تیار کردہ کانٹینٹ، جیسے: راۓ، خبریں، تحقیق، تجزیہ، قیمتیں اور دیگر معلومات یا اس ویب سائٹ پر مشتمل تھرڈ پارٹی کے سائٹس کے لنکس کو "جیسے ہے" کی بنیاد پر فراہم کیا جاتا ہے، عام مارکیٹ کی تفسیر کے طور پر، اور سرمایہ کاری کے مشورے کو تشکیل نہ دیں۔ اس حد تک کہ کسی بھی کانٹینٹ کو سرمایہ کاری کی تحقیقات کے طور پر سمجھا جاتا ہے، آپ کو نوٹ کرنا اور قبول کرنا ہوگا کہ یہ کانٹینٹ سرمایہ کاری کی تحقیق کی آزادی کو فروغ دینے کے لئے ڈیزائن کردہ قانونی تقاضوں کے مطابق نہیں ہے اور تیار نہیں کیا گیا ہے، اسی طرح، اس پر غور کیا جائے گا بطور متعلقہ قوانین اور ضوابط کے تحت مارکیٹنگ مواصلات۔ براہ کرم یقینی بنائیں کہ آپ غیر آزاد سرمایہ کاری سے متعلق ہماری اطلاع کو پڑھ اور سمجھ چکے ہیں۔ مذکورہ بالا معلومات کے بارے میں تحقیق اور رسک وارننگ ، جس تک رسائی یہاں حاصل کی جا سکتی ہے۔
