Free Trial

Euronav to Avoid Red Sea Route Amid Houthi Attacks

FREIGHT

Belgian tanker owner Euronav said on Monday that its ships will avoid the Red Sea route until further notice, it said in a statement. The firm said on Friday its vessels have an option to sail around the Cape of Good Hope and avoid the Red Sea, the CEO Alexander Saverys said.

  • “We are also in touch through our various shipowners’ associations to urge our governments to protect our ships,” Saverys said on Friday.
  • BP also announced on Monday to avoid using the Red Sea route, following previous announcements from Maersk, MSC, Hapag-Lloyd and CMA CGM Group.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.