Index Investing News
Wednesday, March 4, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Factbox-Shipping firms react to Houthi attacks in the Red Sea By Reuters

by Index Investing News
December 31, 2023
in Stocks
Reading Time: 4 mins read
A A
0
Home Stocks
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: Containers are seen stacked up on the container ship CMA CGM Benjamin Franklin at the port of Antwerp, Belgium September 23, 2022. REUTERS/Yves Herman/File Photo

(Reuters) -Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea to show their support for Palestinian Islamist group Hamas fighting Israel in Gaza.

The attacks, aimed at a route that allows East-West trade, especially of oil, to use the Suez Canal to save the time and expense of circumnavigating Africa, prompted some shipping companies to reroute vessels earlier in December.

Below are companies’ reactions (in alphabetical order) to the situation in the Red Sea:

C.H. ROBINSON

The global logistics group said on Dec. 22 it had rerouted more than 25 vessels around the Cape of Good Hope over the past week, and that number would likely continue to grow.

“Blank sailings and rate increases are expected to continue across many trades into Q1 of 2024,” it added.

CMA CGM

The French shipping group is planning a gradual increase in the number of vessels transiting the Suez Canal, it said on Dec. 26. “This decision is based on an in-depth evaluation of the security landscape and our commitment to the security and safety of our seafarers,” CMA CGM said in a statement.

The company had previously rerouted several vessels via the Cape of Good Hope.

EURONAV

The Belgian oil tanker firm said on Dec. 18 it would avoid the Red Sea area until further notice.

EVERGREEN

The Taiwanese container shipping line said on Dec. 18 its vessels on regional services to Red Sea ports would sail to safe waters nearby and wait for further notification, while ships scheduled to pass through the Red Sea would be rerouted around the Cape of Good Hope. It also temporarily stopped accepting Israeli cargo.

FRONTLINE

The Norway-based oil tanker group said on Dec. 18 that its vessels would avoid passages through the Red Sea and the Gulf of Aden.

GRAM CAR CARRIERS

The Norwegian shipping company, which specialises in pure car truck carriers, said on Dec. 21 its vessels were restricted from passing through the Red Sea.

HAPAG-LLOYD

The German container shipping line told Reuters on Dec. 29 it has decided to continue to divert its vessels around the Suez Canal for security reasons. It added that a next assessment would be made on Jan. 2.

A projectile believed to be a drone struck one of its vessels sailing close to the coast of Yemen on Dec. 15. No crew were injured.

HMM

The South Korean container shipper said on Dec. 19 it had ordered its ships from Europe that would normally use the Suez Canal to reroute via the Cape of Good Hope for an indefinite period of time from Dec. 15.

HOEGH AUTOLINERS

The Norwegian shipping company said on Dec. 20 it would stop Red Sea transit after the Norwegian Maritime Authority raised its alert for the southern part of the sea to the highest level.

KLAVENESS COMBINATION CARRIERS

The Norway-based fleet operator said on Dec. 28 it was unlikely to sail any of its vessels in the Red Sea, unless the situation improves.

MAERSK

The Danish shipping group said on Dec. 31 it was pausing se all sailing through the Red Sea for 48 hours, after Houthi militants attacked the container vessel Maersk Hangzhou with missiles and small boats.

On Dec. 27 it had scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea in the coming days and weeks.

MSC

Mediterranean Shipping Company (MSC) said on Dec. 16 its ships would not transit through the Suez Canal, with some already rerouted via the Cape of Good Hope, a day after two ballistic missiles were fired at its vessel.

OCEAN NETWORK EXPRESS

Ocean Network Express (ONE), a joint venture of Japan’s Mitsui O.S.K. Lines, Nippon Yusen and Kawasaki Kisen Kaisha, said on Dec. 19 it would reroute vessels away from the Suez Canal and the Red Sea. Instead, its ships will navigate around the Cape of Good Hope or temporarily pause their journey and move to safe areas.

OOCL

The Hong Kong-headquartered container group said on Dec. 21 it had guided its vessels to either divert route or suspend sailing to the Red Sea. The company, owned by Orient Overseas (International) Ltd, has also stopped cargo acceptance to and from Israel until further notice.

O.S.K. Lines, Nippon Yusen

Japan’s largest shipping companies said their vessels with links to Israel were avoiding the Red Sea area. Both companies also said they were monitoring the situation.

WALLENIUS WILHELMSEN

The Norwegian shipping group said on Dec. 19 it would halt Red Sea transits until further notice. Rerouting vessels via the Cape of Good Hope will add 1-2 weeks to voyage durations, it said.

YANG MING MARINE TRANSPORT

The Taiwanese container shipping company said on Dec. 18 it would divert ships sailing through the Red Sea and the Gulf of Aden via the Cape of Good Hope for the next two weeks.



Source link

Tags: AttacksFactboxShippingFirmsHouthiReactRedReutersSea
ShareTweetShareShare
Previous Post

Red State, Red Tape – FREEDOMBUNKER

Next Post

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.30% By Investing.com

Related Posts

Move Returned Inventory Out, Faster

Move Returned Inventory Out, Faster

by Index Investing News
March 4, 2026
0

Your warehouse wasn’t built to store returns. When 11-25% of your warehouse space sits occupied by returns and excess inventory,...

StockAnalysis.com Review: Best Stock Research Tool?

StockAnalysis.com Review: Best Stock Research Tool?

by Index Investing News
February 20, 2026
0

If you’ve ever felt frustrated by slow-loading finance websites cluttered with ads and pop-ups, you’re not alone. StockAnalysis.com has quietly...

Are the Rich Getting Richer? – Meb Faber Research

Are the Rich Getting Richer? – Meb Faber Research

by Index Investing News
February 24, 2026
0

“The rich are getting richer,” Arnott said. “Vastly so. But, it’s never the same people for long.” The name Rockefeller,...

Janus Henderson Overseas Fund Q4 2025 Commentary (Mutual Fund:JDIAX)

Janus Henderson Overseas Fund Q4 2025 Commentary (Mutual Fund:JDIAX)

by Index Investing News
February 16, 2026
0

Janus Henderson Investors exists to help clients achieve their long-term financial goals. Formed in 2017 from the merger between Janus...

Aging Trade-Ins Collide With Surging Global Demand for Pre-Owned Smartphones, According to New Data Released from Circana and B-Stock

Aging Trade-Ins Collide With Surging Global Demand for Pre-Owned Smartphones, According to New Data Released from Circana and B-Stock

by Index Investing News
February 12, 2026
0

San Mateo, CA and Chicago, IL, Feb. 11, 2026 (GLOBE NEWSWIRE) — New data from both Circana and B-Stock reveals...

Next Post
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.30% By Investing.com

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.30% By Investing.com

Israel-Hamas war: List of key events, day 86 | Gaza News

Israel-Hamas war: List of key events, day 86 | Gaza News

RECOMMENDED

K Earlier than Breakfast

$2K Earlier than Breakfast

December 19, 2024
Single-use plastics ban: An enormous leap in direction of a greater planet

Single-use plastics ban: An enormous leap in direction of a greater planet

July 8, 2022
From ‘Lavender’ to ‘Where’s Daddy?’: How Israel is using AI tools to hit Hamas militants

From ‘Lavender’ to ‘Where’s Daddy?’: How Israel is using AI tools to hit Hamas militants

April 8, 2024
Finest Indicators for Day Buying and selling | Study Extra

Finest Indicators for Day Buying and selling | Study Extra

March 15, 2022
Boutique Transportation Services Now Part Of Pacaso Owner Amenities

Boutique Transportation Services Now Part Of Pacaso Owner Amenities

November 10, 2022
Hayek’s Volunteers in Ukraine – Econlib

Hayek’s Volunteers in Ukraine – Econlib

February 20, 2023
Hemisphere Energy Offers A 10% Dividend Yield This Year (TSXV:HME:CA)

Hemisphere Energy Offers A 10% Dividend Yield This Year (TSXV:HME:CA)

September 30, 2023
Joe Biden’s weak support for Israel: Letters

Joe Biden’s weak support for Israel: Letters

November 3, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In