Norway’s Klaveness Combination Carriers (KCC) has halted Red Sea voyages due to the escalating security situation.
With attacks continuing from the Houthis in Yemen, the Oslo-listed owner said its vessels will not use the Suez Canal until things improve.
In a trading update, it said its Cabu ships that carry caustic soda and dry cargo ended the fourth quarter with an average rate of $36,110 per day.
