BP Joins Maersk, Hapag-Lloyd in Pausing Shipments Through Red Sea -- 2nd Update
18 Dicembre 2023 - 2:46PM
Dow Jones News
By Christian Moess Laursen
BP will pause all oil-tanker shipments through the Red Sea after
attacks in the area from Yemen's Houthi rebels, adding to similar
moves from major shipping companies in recent days.
"In light of the deteriorating security situation for shipping
in the Red Sea, BP has decided to temporarily pause all transits
through the Red Sea," the London-based energy major told Dow Jones
Newswires.
The decision will be under continuous review, as circumstances
in the region evolve, it said.
In the past few weeks, ships have faced increased risk while
transporting cargo through the region due to the attacks by
Iran-backed Houthi forces on vessels.
On Friday, shipping and logistics giants A.P. Moller-Maersk and
Hapag-Lloyd stopped their ships from using the southern entrance of
the Red Sea after attacks on their vessels.
Germany's Hapag-Lloyd will reroute several ships via the Cape of
Good Hope until the passage through the Suez Canal and the Red Sea
are safe again, it said in a statement to Dow Jones Newswires on
Monday.
On Saturday, two more major shipping firms, Italian-Swiss
Mediterranean Shipping Company and France's CMA-CGM, said they
would suspend passage through the Red Sea strait in response to the
attacks and deteriorating situation.
In the first half of 2023, around 12% of globally traded
seaborne oil was transported through Red Sea pathways and 8% of
global liquefied natural gas shipments passed through the
region.
Shell didn't immediately respond when contacted by Dow Jones
Newswires.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
December 18, 2023 08:31 ET (13:31 GMT)
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