Factbox: Shipping firms respond to Houthi attacks in Red Sea

Gram Car Carriers ASA

01/08/2024 14:35

(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     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, Miral Fahmy and
Milla Nissi)
 ((Paolo.Laudani@thomsonreuters.com;))