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Ocean Network Express: to reroute vessels away from Suez Canal and Red Sea (updated)

(Adds details of Ocean Network Express, background in para 4)
       TOKYO, Dec 19 (Reuters) - Ocean Network Express, a
container shipping joint venture of Japan's Mitsui O.S.K. Lines
 9104.T , Nippon Yusen  9101.T  and Kawasaki Kisen Kaisha
 9107.T , said on Tuesday it had decided to reroute vessels away
from the Suez Canal and the Red Sea.
    "Ocean Network Express (ONE) is taking immediate action to
prioritise the safety and security of our seafarers," the
company said on its website, adding this was a temporary safety
measure. 
    Instead, ONE, headquartered in Singapore, will either
navigate its vessels around the Cape of Good Hope or temporarily
pause their journey and reposition them in a safe location, the
company said.
    The United States on Tuesday launched a multinational
operation to safeguard commerce in the Red Sea as attacks by
Iran-backed Yemeni militants forced major freight companies to
reroute, fuelling concern over a sustained global economic
impact.


 (Reporting by Kiyoshi Takenaka; Editing by Alex Richardson,
Kirsten Donovan)
 ((kiyoshi.takenaka@thomsonreuters.com; +81 3 4563 2788;))

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