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Hapag-Lloyd to decide on Wednesday about Red Sea routes

December 26, 2023
in Business
Reading Time: 2 mins read
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Hapag-Lloyd to decide on Wednesday about Red Sea routes

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Tihama, a Maltese Flag container ship of transport line Hapag-Lloyd, at a European dock on August 13, 2022.

Thierry Monasse | Getty Pictures Information | Getty Pictures

Germany’s Hapag-Lloyd will resolve on Wednesday whether or not to renew journeys by the Crimson Sea, a spokesperson stated on Tuesday as Maersk ready to return to the realm after a U.S.-led operation started offering security towards assaults.

The world’s prime transport corporations, together with Maersk and Hapag Lloyds, stopped transiting the Crimson Sea after Yemen’s Houthi militant group began focusing on vessels earlier in December, disrupting international commerce by the Suez Canal.

As an alternative, they’ve rerouted by way of southern Africa, an extended and costlier journey. The canal is the quickest sea route between Asia and Europe.

On Sunday, Maersk stated it was getting ready to renew transport operations within the Crimson Sea and the Gulf of Aden, citing the deployment of a U.S.-led army operation designed to make sure the protection of commerce within the space.

“We’ll resolve tomorrow how we’ll proceed,” the Hapag-Lloyd spokesperson stated on Tuesday, declining to remark additional.

The corporate had stated final week it might redirect 25 ships by the tip of the yr to keep away from the realm.

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Tags: decideHapagLloydRedroutesSeaWednesday
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