January 25, 2024
BHP’s Strategic Diversion from Red Sea Route
BHP’s Strategic Diversion from Red Sea Route
BHP, a global resources company, has taken a bold and strategic move to divert its shipments away from the Red Sea, a key shipping route. The company announced in a statement published by Reuters that the majority of its shipments do not traverse this route. According to The Wall Street Journal, BHP’s shipments from Asia to Europe will now follow the path taken by Danish shipping company Maersk, skirting the Red Sea in favor of the Cape of Good Hope at the southern tip of Africa. This pivot by BHP follows similar decisions made by other industry giants, including oil majors Shell, BP,
