10 international companies divert their ships from the Red Sea.. Learn about it

10 international

companies divert their ships from the Red Sea..

Learn about it

The escalating attacks by Yemen's Ansar Allah group on ships in the Red Sea

have hampered maritime trade and prompted

the United States to form an alliance to deal with this threat.

This week's

attacks also forced BP and a large number of

shipping companies, including Maersk, to divert shipments normally

made through the Suez Canal to Cape of Good Hope, which increased

the flight period and incurred additional costs.

The Houthi group "Ansarullah" had repeatedly threatened to prevent

the transit of cargo vessels bound for or associated with Israel

in support of the Gaza Strip.

Recently

Ansar Allah targeted several vessels bound for Israeli ports

causing panic among many shipping companies and pushing them to

redirect their vessels away from the Red Sea and Suez Canal.

As an indicator of

the importance of navigation through the Suez Canal

about 15% of global shipping traffic passes through the Canal.

The following is a list of companies that

have suspended passage through

the Red Sea:

1. The Taiwanese shipping company "Yang Ming" reported that it

would divert its ships to Cape of Good Hope.

2. Linius Wilhelmsen Maritime Company suspends its Red Sea flights.

3. British oil giant British Petroleum

has temporarily suspended crossings through the Red Sea.

The company's

executive director Larsh Parchta said:

"War risk insurance premiums are naturally rising, but as ships

are redirected to a path around Africa, freight supplies will become lower

as shipments sail longer.

This would place prices under strong upward pressure. "

4. Norwegian Oil and Gas Co. Equinor said it had redirected

"a few ships" carrying crude oil and liquefied gas away from the Red Sea

and declined to say how many of them were.

5. The Belgian oil tanker company Euronav announced that

 it would avoid the Red Sea until further notice.

6. The Taiwanese container shipping company Evergren decided to temporarily stop accepting Israeli goods with immediate effect and instructed its container vessels to suspend navigation through the Red Sea until further notice.

7. "CMA - CGM" (cma cgm)

The French shipping group said it had temporarily halted all container shipments

across the Red Sea following attacks on commercial vessels in the region.

8. Maersk Danish

The company said it would stop all container shipments across the Red Sea

following an "imminent accident" in its ship.

9. Hapag-Lloyd, Germany.

10. Orient Overseas Container Line (Hong Kong).

OOCL

has announced an immediate moratorium on the shipment of Israeli goods

of all kinds, and in all destinations, whether for export or import.