How companies are responding to attacks on ships in the Red Sea
Houthi militants in Yemen have disrupted international commerce on the shortest shipping route between Europe and Asia.
The attacks, targeting a route that accounts for about 15% of the world's shipping traffic, have pushed several shipping companies to reroute their vessels.
Below are companies' (in alphabetical order) responses to the disturbances:
AB FOODS
The Primark-owner is monitoring the situation, but its supply chains are capable of some adjustment, a company spokesperson told Reuters, adding that «so far we see no need to be concerned».
BASF
The German chemical company does not see disruptions to raw material supply or product distribution, but it is closely monitoring the situation, a company spokesperson said.
BP
The oil major on Dec. 18 said it had temporarily paused all transits through the Red Sea.
COVESTRO
The German chemicals maker said any possible increases in transit times would not impact its product supply. Covestro expects its ocean shipping line partners to continue shipping through the passage as soon as it can be operated safely.
DANONE
The French food group said most of its shipments had been diverted, which would increase transit times. Should the situation last beyond 2-3 months, the group will activate mitigation plans, including using alternate routes via sea or road wherever possible, a Danone spokesperson said.
ELECTROLUX
The Swedish home appliances maker set up a task force to find alternative routes or identify priority deliveries to try to avoid any disruption. It currently sees a limited impact on deliveries.
EQUINOR
The Norwegian oil and gas firm on Dec. 18 said it had rerouted vessels that had
