Several global shipping companies announced on Monday that they would be suspending navigation in the Red Sea and the Arabian Sea and will be opting for alternative routes their routes: out of concern over the security of their “Israel”-bound vessels.
Taiwanese shipping company, Evergreen, stated that it had redirected its vessels which were set to commute through the Gulf of Aden to an alternative route passing through the Cape of Good Hope of South Africa, according to reports by Reuters. It was also revealed that the Taiwanese company would temporarily stop accepting Israeli cargo.
The Singaporean shipping company, ONE, declared that it would be ceasing all shipments to the Israeli occupation’s ports, according to reports by Israeli media.
A company senior representative informed customers that, in light of the operations happening in the Red Sea, no new requests are being accepted for shipments to “Israel” adding that the company is considering alternative steps.
Additionally, the Norwegian-based oil tanker group Frontline announced it would avoid the Gulf of Aden and the Red Sea in the time ahead, boosting the rates customers must pay for crude transport, boosting the rates for customers must pay for crude transport, Reuters reported.
Also according to reports by Reuters, Belgian oil tanker firm Euronav declared it would refrain from crossing the Red Sea until further notice.
“We are closely monitoring the situation. The safety of our crews and vessels is of paramount importance,” a spokesperson for Euronav told Reuters.
On another note, the Israeli shipping company Zim informed its customers of a container transport price increase of approximately $100 to $400 due to the ongoing attacks by the Yemeni Naval Forces against Israeli vessels and vessels bound for Israeli ports.