Ongoing attacks by Iranian-backed Houthi militants in Yemen on vessels in the Red Sea have prompted shipping companies to adapt swiftly. As a crucial East-West trade route is impacted, global logistics players are taking strategic measures to safeguard their assets and navigate the escalating conflict, says an article published on investing.com website.
Summary
- C.H. Robinson: Rerouted more than 25 vessels around the Cape of Good Hope due to heightened Red Sea threats. Anticipates continued blank sailings and rate increases well into Q1 of 2024.
- CMA CGM: Maintains plans to gradually increase vessel transits through the Suez Canal despite tensions. Previously rerouted via the Cape of Good Hope in response to Red Sea risks.
- Euronav: Chooses to avoid the Red Sea until further notice.
- Evergreen: Redirects vessels on regional services to safe waters near Red Sea ports. Ships scheduled for Red Sea transit rerouted around Africa. Temporarily halted in accepting Israeli cargo.
- Frontline: Decides to avoid the Red Sea and the Gulf of Aden.
- Gram Car Carriers: Restricts vessels from passing through the Red Sea.
C.H. ROBINSON, Rerouting Amidst Uncertainty
- Rerouted more than 25 vessels around the Cape of Good Hope in response to heightened Red Sea threats.
- Anticipates continued blank sailings and rate increases well into Q1 of 2024.
CMA CGM, Gradual Suez Canal Transits Despite Tensions
- French shipping firm maintains plans to gradually increase vessel transits through the Suez Canal.
- Previous reroutes via the Cape of Good Hope in response to Red Sea risks.
EURONAV, Avoiding The Red Sea
- Belgian oil tanker firm chooses to avoid the Red Sea until further notice.
EVERGREEN, Tactical Adjustments And Temporary Halt
- Taiwanese container shipping line redirects vessels on regional services to safe waters near Red Sea ports.
- Ships scheduled for Red Sea transit rerouted around Africa.
- Temporary halt in accepting Israeli cargo.
FRONTLINE, Steering Clear Of Red Sea And Gulf Of Aden
- Norway-based oil tanker group decides to avoid the Red Sea and the Gulf of Aden.
GRAM CAR CARRIERS, Restricted Red Sea Passage
- Norwegian auto carrier restricts vessels from passing through the Red Sea.
HAFNIA, Halting Ships In The Bab al-Mandab Strait
- Norwegian shipping firm halts ships heading towards or within the Bab al-Mandab Strait following advisory from Combined Maritime Forces.
HAPAG-LLOYD, Continuous Diversion And Evaluations
- German container shipping line continues to divert vessels away from the Suez Canal, opting for routes around Africa.
- Upcoming decisions on January 22 to address evolving situations.
HMM, Suez Canal Bypass Orders
- South Korean container shipper orders ships, usually transiting the Suez Canal, to reroute around Africa.
HOEGH AUTOLINERS, Ceasing Red Sea Sailings
- Norwegian auto carrier stops sailing via the Red Sea due to heightened alerts.
KLAVENESS COMBINATION CARRIERS, Reluctance In Red Sea Ventures
- Norway-based fleet operator expresses reluctance to sail vessels in the Red Sea unless the situation improves.
KUEHNE + NAGEL, Prolonged Transit Disruptions Anticipated
- Swiss logistics firm expects a minimum of two months for vessels to resume normal rotational patterns even if the Bab al-Mandeb Strait becomes secure.
MAERSK, Suspending Red Sea Traffic Indefinitely
- Danish shipping group suspends Red Sea traffic “for the foreseeable future.”
- Hopes international interventions will lead to the resumption of maritime commerce through the strait.
MSC, Rerouting Via Cape Of Good Hope
- Mediterranean Shipping Company reroutes ships away from the Suez Canal, opting for the Cape of Good Hope.
OCEAN NETWORK EXPRESS, Strategic Rerouting And Pauses
- Joint venture reroutes vessels from the Red Sea to the Cape of Good Hope or temporarily pauses journeys to safe areas.
OOCL, Diversions And Cargo Restrictions
- Hong Kong-headquartered container group instructs vessels to divert from the Red Sea or suspend sailing.
- Halts cargo acceptance to and from Israel until further notice.
TORM, Halting Transits Through Southern Red Sea
- Danish oil tanker group decides to pause all transits through the southern Red Sea.
WALLENIUS WILHELMSEN, Halting Red Sea Transits
- Norwegian shipping group halts Red Sea transits until further notice.
- Rerouting vessels around Africa adds 1-2 weeks to voyage durations.
YANG MING MARINE TRANSPORT, Diverting Ships For Short-Term
- Taiwanese container shipping company diverts ships through the Cape of Good Hope for the next two weeks in response to Red Sea and Gulf of Aden threats.
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Source: investing.com
