Factbox: Shipping firms respond to Houthi attacks in Red Sea

Evergreen Marine Taiwan

14/08/2024 13:54

(Updates with latest comments from Hapag-Lloyd)
       Aug 14 (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 some actions and comments by major shipping
companies and freight forwarders, in alphabetical order:
    
    CMA CGM
    The French shipping group suspended most Red Sea voyages,
though its CEO Rodolphe Saade said in February it was still
sending some cargoes on a case by case basis when French navy
escorts were possible.
    
    DIANA SHIPPING  DSX.N 
    "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 in July 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. 
    
    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.
    
    HAPAG-LLOYD  HLAG.DE 
    The German container shipping line decided in January to
reroute its vessels around Africa until further notice. 
    "For the moment, we plan to go around the Cape of Good Hope
until the end of the year," CEO Rolf Habben Jansen said on Aug.
14.
    The company 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.
    
    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 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.

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
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     urn:newsml:reuters.com:*:nL8N3IH07O
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Compiled by Paolo Laudani, Izabela Niemiec, Jesus Calero,
Louis van Boxel-Woolf, Tristan Veyet, Elsa Ohlen, Tomasz Kanik
and Olga Sawczuk in Gdansk; Editing by Alexander Smith, Miral
Fahmy and Milla Nissi)
 ((Paolo.Laudani@thomsonreuters.com;))