Hapag-Lloyd to Continue Diverting Ships From Red Sea
29 December 2023 - 10:41PM
Dow Jones News
By Andrea Figueras
Hapag-Lloyd said it will continue to divert its ships from the
Red Sea, even as some of its peers plan to gradually increase
transits through the area.
A spokesperson of the German shipping company said the decision
came from a meeting of its crisis committee on Friday, and that it
will make the next assessment on Jan. 2.
Hapag-Lloyd's decision shows divergences in how shipping
companies are navigating risks in the Red Sea despite the
deployment by the U.S. and its allies of naval ships to deter
further strikes by Houthi rebels from Yemen.
A.P. Moller-Maersk aims to resume shipments through the Red Sea
and CMA CGM said it plans to gradually increase the number of
vessels transiting through Egypt's Suez Canal. Meanwhile,
Mediterranean Shipping Co. earlier this week said it would continue
to reroute vessels booked for Suez transit via the Cape of Good
Hope.
Shipping companies as well as oil producers and cargo owners
suspended transit through the Red Sea earlier this month following
attacks on vessels by Iranian-backed Houthi rebels.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
December 29, 2023 06:26 ET (11:26 GMT)
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