Factbox: Shipping firms respond to Houthi attacks in Red Sea

Gram Car Carriers ASA

17/07/2024 09:21

(Updates Maersk)
       July 17 (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 expected 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 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 July 17 it was
experiencing a cascading impact from disruptions in the region,
with congestions to its entire ocean network. 
    On July 1, it forecast that the upcoming months would be
challenging for carriers and businesses, as disruptions continue
into the third quarter.
    
    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     urn:newsml:reuters.com:*: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)
 ((Paolo.Laudani@thomsonreuters.com;))