ATTACKS on vessels in the Red Sea by Iran-supplied Houthi forces 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, Reuters reports.
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.
DIANA SHIPPING: The company's vessels are avoiding the Suez Canal.
DSV: The world's third-largest freight forwarder DSV 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: The Belgian oil tanker firm said in December it would avoid the Red Sea until further notice.
EVERGREEN: Related video: Houthis Warn Saudi's MBS, 'Hit Israeli Ship' In Red Sea (The Times of India)
FRONTLINE: The Norway-based oil tanker group said in December its vessels would avoid the Red Sea and the Gulf of Aden.
GRAM CAR CARRIERS: The Norwegian auto carrier said in December its vessels were restricted from passing through the Red Sea.
HAFNIA: The Norwegian shipping firm said in January it had halted all ships heading towards or within the Bab al-Mandab Strait.
HAPAG-LLOYD: The German container shipping line said it did not expect the industry to resume sailing in the Red Sea even if a ceasefire between Hamas and Israel was reached immediately.
HMM: The South Korean container shipping line in December ordered ships that would normally use the Suez Canal to reroute around Africa.
HOEGH AUTOLINERS: 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: The Norway-based fleet operator said in January its vessels would avoid the Red Sea until the situation improves.
KUEHNE+NAGEL: The Swiss logistics group said in March it expected the impact from the disruptions to last into the coming quarters.
MAERSK said it expected disruptions to continue at least until the end of 2024, as it raised its full-year outlook again partly due to the crisis.
MSC said in December its ships would not transit through the Suez Canal.
NIPPON YUSEN: Japan's biggest carrier 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, Mitsui OSK Lines 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 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 said it would halt sailings through the Red Sea after attacks on two of its ships.
TAILWIND SHIPPING LINES, which transports non-food goods for the discount supermarket chains and goods for third-party customers, said it would use the Cape route for now.
TORM tanker group stopped all Red Sea transits for the time being.
WALLENIUS WILHELMSEN: The Norwegian shipping group said in December it would halt Red Sea transits until further notice
SeaNews Turkey
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.
DIANA SHIPPING: The company's vessels are avoiding the Suez Canal.
DSV: The world's third-largest freight forwarder DSV 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: The Belgian oil tanker firm said in December it would avoid the Red Sea until further notice.
EVERGREEN: Related video: Houthis Warn Saudi's MBS, 'Hit Israeli Ship' In Red Sea (The Times of India)
FRONTLINE: The Norway-based oil tanker group said in December its vessels would avoid the Red Sea and the Gulf of Aden.
GRAM CAR CARRIERS: The Norwegian auto carrier said in December its vessels were restricted from passing through the Red Sea.
HAFNIA: The Norwegian shipping firm said in January it had halted all ships heading towards or within the Bab al-Mandab Strait.
HAPAG-LLOYD: The German container shipping line said it did not expect the industry to resume sailing in the Red Sea even if a ceasefire between Hamas and Israel was reached immediately.
HMM: The South Korean container shipping line in December ordered ships that would normally use the Suez Canal to reroute around Africa.
HOEGH AUTOLINERS: 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: The Norway-based fleet operator said in January its vessels would avoid the Red Sea until the situation improves.
KUEHNE+NAGEL: The Swiss logistics group said in March it expected the impact from the disruptions to last into the coming quarters.
MAERSK said it expected disruptions to continue at least until the end of 2024, as it raised its full-year outlook again partly due to the crisis.
MSC said in December its ships would not transit through the Suez Canal.
NIPPON YUSEN: Japan's biggest carrier 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, Mitsui OSK Lines 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 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 said it would halt sailings through the Red Sea after attacks on two of its ships.
TAILWIND SHIPPING LINES, which transports non-food goods for the discount supermarket chains and goods for third-party customers, said it would use the Cape route for now.
TORM tanker group stopped all Red Sea transits for the time being.
WALLENIUS WILHELMSEN: The Norwegian shipping group said in December it would halt Red Sea transits until further notice
SeaNews Turkey
