Live Update 
From the Liveblog of
Thursday, January 25, 2024
From the Liveblog of
Thursday, January 25, 2024
Australian BHP Group says almost all its ships diverted from Red Sea
Australian mining giant BHP Group is diverting almost all of its shipments from Asia to Europe away from the Red Sea, the Wall Street Journal reports.
BHP was not immediately available for comment.
Strikes on shipping in the Red Sea by the Iran-aligned Houthis who control much of Yemen have stymied trade between Europe and Asia. The Houthis say they are acting in solidarity with Palestinians as Israel strikes Gaza.
In response, some shipping companies have instructed vessels to instead sail around southern Africa, a slower, costlier route.
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