🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Red Sea crisis causes delays of 10-15 days in Barcelona port

Published 29/01/2024, 12:05
© Reuters. FILE PHOTO: Shipping containers are seen at the port of Barcelona, Spain, June 4, 2022. Picture taken June 4, 2022. REUTERS/Nacho Doce/File Photo
NG
-

BARCELONA (Reuters) - Ships are calling the Spanish port of Barcelona with a delay of 10 to 15 days as they have to travel around Africa to avoid potential attacks in the Red Sea, port chief Lluis Salvado told reporters on Monday.

The official said the delays affected ships carrying all kinds of products, including liquefied natural gas.

Barcelona is one of the largest LNG terminals in Spain.

Still the delays in the western part of the Mediterranean are shorter, as those ports are closer on the detour route around Africa, he said.

"It affects in a very significant way the ports in the Eastern Mediterranean, those like us on the western side are less affected," Salvado said.

Some shipping companies have suspended transit along the Red Sea route to avoid being attacked by Yemen's Iranian-backed Houthi group, which launched waves of exploding drones and missiles at vessels since November in response to Israel's military operations in Gaza.

© Reuters. FILE PHOTO: Shipping containers are seen at the port of Barcelona, Spain, June 4, 2022. Picture taken June 4, 2022. REUTERS/Nacho Doce/File Photo

The Houthi attacks have primarily targeted container vessels moving through the Red Sea.

Many fuel tankers continue using the route, though QatarEnergy, the world's second largest exporter of liquefied natural gas, stopped sending tankers via the Red Sea, citing security concerns.

 

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.