Index Investing News
Thursday, February 5, 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

Is This Personal Loan Affiliate Network Legit?

Is This Personal Loan Affiliate Network Legit?

by Index Investing News
January 31, 2026
0

If you’re researching whether to join Round Sky as an affiliate or partner with them as a lender, you’ve likely...

All the “Buy into SpaceX Early” Teaser Pitches — What are they recommending?

All the “Buy into SpaceX Early” Teaser Pitches — What are they recommending?

by Index Investing News
January 27, 2026
0

One thing has been consistently true about the investment marketing business, at least for as long as I’ve been paying...

What’s the Next 40 Years Look Like? – Meb Faber Research

What’s the Next 40 Years Look Like? – Meb Faber Research

by Index Investing News
February 4, 2026
0

Imagine telling someone 40 years ago that Japan would go from 40% of the global stock...

The New Food Pyramid – Meb Faber Research

The New Food Pyramid – Meb Faber Research

by Index Investing News
January 15, 2026
0

Lots of chatter about the new Food Pyramid, which is a near inverse of the rankings...

Martin Marietta Materials: Residential Recovery And Margin Expansion Drives Growth (MLM)

Martin Marietta Materials: Residential Recovery And Margin Expansion Drives Growth (MLM)

by Index Investing News
January 7, 2026
0

This article was written byFollowI have over 15 years of experience investing and have provided research services to mid-sized hedge...

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

Likely sporting new-look lineup, Giants host Pirates

Likely sporting new-look lineup, Giants host Pirates

May 30, 2023
MPC minutes validate inflation-fighting mechanism is still working

MPC minutes validate inflation-fighting mechanism is still working

December 24, 2022
Shares making greatest after hour strikes: Novavax, Allbirds and extra

Shares making greatest after hour strikes: Novavax, Allbirds and extra

August 10, 2022
Interview – Chris Ogden

Interview – Chris Ogden

October 29, 2022
Why 2023’s “Rolling Recession” is Almost Impossible to Predict

Why 2023’s “Rolling Recession” is Almost Impossible to Predict

August 25, 2023
We noticed The Terminator 4K restoration; how did it look?

We noticed The Terminator 4K restoration; how did it look?

August 6, 2024
Mortgage Rates Reach Multi-Decade Highs—Now Demand is Falling

Mortgage Rates Reach Multi-Decade Highs—Now Demand is Falling

October 4, 2023
Vertex Pharmaceuticals Incorporated (VRTX) Presents at UBS Biopharma Conference (Transcript)

Vertex Pharmaceuticals Incorporated (VRTX) Presents at UBS Biopharma Conference (Transcript)

November 11, 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