Futures & Commodities

Ways companies respond to Red Sea ship attacks with clear actions.

Shipping Disruptions Prompt Companies to Reroute Vessels

AUTOS

GEELY: China’s second-largest automaker by sales, announced on December 22 that its electric vehicle (EV) sales might be impacted due to delayed deliveries.

MICHELIN: The French tire maker noted on February 12 that logistics issues related to the Red Sea crisis were affecting its finished product flows, particularly natural rubber, with a minimal impact expected on 2024 results.

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SUZUKI: After facing delays in the arrival of Japanese-made engines, its Hungary production plant resumed manufacturing as scheduled on January 22.

TESLA: The US EV manufacturer halted most car production at its Berlin factory from January 29 to February 11 due to component shortages caused by alterations in transport routes.

VOLVO CAR: The Swedish automaker suspended production at its Belgian plant for three days starting January 12 due to delays.

ENERGY

BP: The oil major temporarily halted all transits through the Red Sea on December 18.

EQUINOR: Rerouted vessels away from the Red Sea on December 18.

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