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Shipping companies react to Houthi attacks in Red Sea

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Updates CMA CGM

Feb 29 (Reuters) -Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea, impacting a shipping route vital to east-west trade.

In response, some shipping companies have instructed vessels to instead sail around southern Africa, a longer and therefore more expensive route.

Below are actions taken by companies (in alphabetical order):


The global logistics group said on Dec. 22 it had rerouted more than 25 vessels around Africa over the previous week, and that number was likely to grow.


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 were possible, Chairman and CEO Rodolphe Saadesaid on Feb. 29.

The company expects disruptions to commercial shipping to last months.


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 on Feb. 23.


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


The Taiwanese container shipping line said on Dec. 18 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.


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


The Norwegian auto carrier said on Dec. 21 its vessels were restricted from passing through the Red Sea.


The Norwegian shipping firm said on Jan. 12 it had halted all ships heading towards or within the Bab al-Mandab Strait.


The German container shipping line said on Jan. 22 it will continue to route its vessels around Africa until further notice.

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The South Korean container shipper said on Dec. 19 it had ordered its ships which would normally use the Suez Canal to reroute around Africa.


The Norwegian auto carrier said on Dec. 20 it would stop sailing via the Red Sea.

On Feb. 8 the company said that the Red Sea disruptions were adversely impacting its capacity and volumes.


The Norway-based fleet operator said on Jan. 16 it would not trade any of its vessels through the Red Sea until the situation improves.


"Even if from today forward the Bab al-Mandab Strait was to become safe and secure for transit, we expect it will take a minimum of two months before vessels could assume normal rotational patterns," Michael Aldwell, executive VP for sea logistics at the Swiss logistics company, said on Jan. 12.


The Danish shipping group on Jan. 5 suspended Red Sea traffic "for the foreseeable future".

On Feb. 8, it warned that container shipping overcapacity would hit profits more than expected this year, and that it did not see a major boost from the jump in freight rates due to disruptions.

On Feb. 27, the shipping company warned of disruptions to container shipping via the Red Sea dragging into the second half of the year and of heavy congestion and delays for U.S.-bound goods.


Mediterranean Shipping Company (MSC) said on Dec. 16 its ships would not transit through the Suez Canal.


Japan's biggest shipper by sales suspended navigation through the Red Sea for all vessels it operates, a spokesperson told Reuters on Jan. 16.


Ocean Network Express, a joint venture between Japan's Kawasaki Kisen Kaisha 9107.T, Mitsui O.S.K. Lines 9104.T and Nippon Yusen, said on Dec. 19 it would reroute vessels from the Red Sea to the Cape of Good Hope or temporarily pause journeys and move to safe areas.


The Hong Kong-headquartered container group said on Dec. 21 it had instructed its vessels to either divert their route away from the Red Sea or suspend sailing. It also stopped accepting cargo to and from Israel until further notice.


Star Bulk's CEO said on Feb. 13 the Greece-headquartered company would halt sailings through the Red Sea after Yemen's Iran-aligned Houthis attacked two of its ships.


Lidl unit Tailwind Shipping Lines, 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.


The Danish oil tanker group said on Jan. 12 it had decided to pause all transits through the southern Red Sea for now.


The Norwegian shipping group said on Dec. 19 it would halt Red Sea transits until further notice.


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.

The company has given no further update.

Type of goods shipped via the Suez route https://tmsnrt.rs/3NBsrTC

Vessels re-routing around Africa https://tmsnrt.rs/3NVTcCz

US, UK ship investors hit by soaring Red Sea insurance - sources nL8N3EQ5MF

Compiled by Paolo Laudani, Izabela Niemiec, Jesus Calero, Louis van Boxel-Woolf, Tristan Veyet, Elsa Ohlen and Tomasz Kanik in Gdansk; Editing by Jason Neely, Jan Harvey and Emelia Sithole-Matarise


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