WASHINGTON, D.C: British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report Tuesday. Oil giant Shell and Japanese shipping firm NYK said on Wednesday, Jan. 17, 2024, they are suspending travel along the Red Sea for fear of being attacked. The oil major's decision comes after Britain's BP said in December that it would suspend transit of oil through the Red Sea. Meanwhile, Japanese shipping firm Nippon Yusen said on Wednesday it is joining other major companies in suspending routes through the Red Sea. Lines — have also suspended navigation through the Red Sea, Japanese business daily Nikkei reported Tuesday.

Source: Manila Times January 18, 2024 04:15 UTC