{"id":76190,"date":"2024-01-18T00:00:00","date_gmt":"2024-01-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/01\/18\/japanese-shipping-giants-shell-join-list-of-those-suspending-operations-in-the-red-sea\/"},"modified":"2024-01-18T00:00:00","modified_gmt":"2024-01-18T00:00:00","slug":"japanese-shipping-giants-shell-join-list-of-those-suspending-operations-in-the-red-sea","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/01\/18\/japanese-shipping-giants-shell-join-list-of-those-suspending-operations-in-the-red-sea\/","title":{"rendered":"Japanese shipping giants + Shell join list of those suspending operations in the Red Sea"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>British energy giant <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.shell.com\/\" style=\"\" rel=\"noopener\">Shell<\/a><\/strong><strong> has suspended its ship<\/strong><strong>ments via the Red Sea indefinitely,<\/strong> as recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0bcf9c2f-316d-432b-8b50-decc78380161\" style=\"\" rel=\"noopener\">US-led strikes<\/a> against the Houthi stoked tensions in the region, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/shell-suspends-all-red-sea-shipments-wsj-2024-01-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> writes, citing <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/middle-east\/shell-suspends-red-sea-shipments-amid-fears-of-more-houthi-attacks-c7fa936d?mod=latest_headlines\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> reporting. The oil major paused crossings last week, citing a concern that an attack could trigger an oil spill and endanger crew. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tankers are shunning the Red Sea en masse:<\/strong> Six additional oil tankers were observed turning away from the Red Sea on Monday, bringing to 15 the total number of tankers to avoid the region in the aftermath of the US-led strikes, Reuters <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/more-oil-tankers-shun-southern-red-sea-after-us-led-strikes-yemen-2024-01-15\/\" style=\"\" rel=\"noopener\">reported<\/a> separately earlier this week. Tanker vessel owners <a target=\"_blank\" href=\"https:\/\/www.torm.com\/\" style=\"\" rel=\"noopener\">Torm<\/a>, <a target=\"_blank\" href=\"https:\/\/hafniabw.com\/\" style=\"\" rel=\"noopener\">Hafnia<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.stenabulk.com\/\" style=\"\" rel=\"noopener\">Stena Bulk<\/a> had announced that they would avoid the Bab El Mandeb Strait this Friday, with <a target=\"_blank\" href=\"https:\/\/www.euronav.com\/en\/\" style=\"\" rel=\"noopener\">Euronav<\/a> keeping in place a temporary halt, the newswire said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Japan\u2019s \u201cBig Three\u201d carriers officially pull out of Red Sea:<\/strong> Following Nippon Yusen instructing its vessels on the way to the region to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/15524dde-57b3-4ab6-9fec-b10db05c6874\" style=\"\" rel=\"noopener\">pause<\/a> on Tuesday, Japanese shipping giants <a target=\"_blank\" href=\"https:\/\/www.mol.co.jp\/en\/\" style=\"\" rel=\"noopener\">Mitsui OSK Lines<\/a> and <a target=\"_blank\" href=\"https:\/\/www.kline.co.jp\/en.html\" style=\"\" rel=\"noopener\">Kawasaki Kisen Kaisha<\/a> joined Yusen in confirming that they were suspending Red Sea transits, the <a target=\"_blank\" href=\"https:\/\/www3.nhk.or.jp\/nhkworld\/en\/news\/20240117_26\/\" style=\"\" rel=\"noopener\">NHK World<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Russian state owned tanker group <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sovcomflot.ru\/en\/\" style=\"\" rel=\"noopener\">Sovcomflot<\/a><\/strong><strong> is also considering a<\/strong><strong>lternative routes for its fleet as it monitors developments in the Red Sea<\/strong>, the company\u2019s press told <a target=\"_blank\" href=\"https:\/\/tass.com\/economy\/1733033\" style=\"\" rel=\"noopener\">TASS<\/a> on Tuesday. \u201cIt is currently impossible to predict whether the company will continue to work there permanently,\u201d the company said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iran is denying claims that it is helping the Houthis orchestrate their<\/strong><strong> attacks against international shipping in the Red Sea<\/strong>, Iran\u2019s foreign minister Amir-Abdollahian told <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/01\/17\/iran-warns-us-not-to-tie-their-destiny-to-the-fate-of-israels-netanyahu.html\" style=\"\" rel=\"noopener\">CNBC<\/a> on Tuesday at the World Economic Forum in Davos. The Houthis are acting on their own accord and \u201care not receiving any orders or instructions from us,\u201d Iran\u2019s top diplomat said. \u201cMaritime security is of paramount importance to us, because we export oil,\u201d he added, explaining that threats to shipping in the region run counter to Iran\u2019s interests.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EU could launch its own naval mission by next m<\/strong><strong>onth: <\/strong>The EU\u2019s Political and Security Committee bloc has given its initial backing for the move, which would be coordinated with allies, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/eu-states-give-nod-red-sea-mission-deter-houthis-diplomats-2024-01-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing statements by European diplomats on Tuesday. The mission is set to kick off by 19 February but could see its timeline fast tracked, diplomats said. This comes in parallel to the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/63030924-732b-4997-9666-512efc8ffbc5\" style=\"\" rel=\"noopener\">US-led naval coalition<\/a> \u2014 dubbed Operation Prosperity Guardian \u2014 which has failed to gather European support due to their reluctance to operate under US command, the newswire said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UK has set out a new strategy to help businesses navigate supply <\/strong><strong>chain disruptions,<\/strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3fa84e23-a63f-426b-9bb2-a7fd25bb8aef\" style=\"\" rel=\"noopener\">The Financial Times<\/a> reports. The strategy outlines methods of government intervention to help industries retain access to critical products, including medicines, minerals, semiconductors, as geopolitical tensions wreak havoc on trade routes. A new critical imports council will help businesses zero-in on risks to sensitive imports and put together workarounds. Another government program will also work to remove import barriers and help companies find new supplies. Nevertheless, the onus of responsibility for managing supply chains remains with industry, UK Business Minister Nusrat Ghani is cited as saying.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Iran denies claims it is supporting Houthi attacks against shipping<\/p>\n","protected":false},"author":1,"featured_media":76191,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[127],"tags":[126,23,123,32,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-disruption-watch","tag-disruption-watch","tag-dp-world","tag-shipping-maritime","tag-trade","tag-yemen","wpautop","entry"],"acf":{"mongo_id":"dd701a1b-a65f-406a-acfd-6fe03cb3307b","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1473.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Japanese 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