Adds detailsJan 25 (Reuters) - Australian mining giant BHP Group BHP.AX is diverting almost all of its shipments from Asia to Europe away from the Red Sea, the Wall Street Journal reported on Thursday. 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 and, therefore, more expensive route. (Reporting by Chandni Shah and Swati Verma in Bengaluru; Editing by Savio D'Souza and Sonia Cheema)((Chandni.shah@thomsonreuters.com;))The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source: Wall Street Journal January 25, 2024 09:27 UTC