Investing
Hapag-Lloyd to decide on Wednesday about Red Sea routes
© Reuters. FILE PHOTO: Containers are seen on the Hapag-Lloyd container ship Chacabuco at the HHLA Container Terminal Altenwerder, on the River Elbe in Hamburg, Germany March 31, 2023. REUTERS/Phil Noble/File Photo
By Tom Sims
FRANKFURT (Reuters) -Germany’s Hapag-Lloyd will decide on Wednesday whether to resume journeys through the Red Sea, a spokesperson said on Tuesday as Maersk prepared to return to the area after a U.S.-led operation began providing safety against attacks.
The world’s top shipping firms, including Maersk and Hapag Lloyds (LON:), stopped transiting the Red Sea after Yemen’s Houthi militant group starting targeting vessels earlier in December, disrupting global trade through the Suez Canal.
Instead they have rerouted via southern Africa, a longer and more expensive journey. The canal is the quickest sea route between Asia and Europe.
On Sunday, Maersk said it was preparing to resume shipping operations in the Red Sea and the Gulf of Aden, citing the deployment of a U.S.-led military operation designed to ensure the safety of commerce in the area.
“We will decide tomorrow how we will proceed,” the Hapag-Lloyd spokesperson said on Tuesday, declining to comment further.
The company had said last week it would redirect 25 ships by the end of the year to avoid the area.
Read the full article here
You Don’t Need Thousands to Turn Your Business Idea Into Reality — Here’s How I Did It on a College-Kid Budget
How a Single PowerPoint Raised $300 Million for This Founder
AI Pioneers Win $1.06 Million, 2024 Nobel Prize in Physics
How to Build a Workplace Culture Centered on Love, Abundance and Purpose
U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 1.37% By Investing.com
How to Develop Empowered Leaders Within Your Own Team
How Your Body Language Can Help Win a Disagreement
How to Be Unapologetically You and Why It Matters
Are You Running Your Business, or Is Your Business Running You?
7 Marketing Strategies to Help Your Startup Grow and Scale
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles6 days agoHow to Develop Empowered Leaders Within Your Own Team
-
Side Hustles5 days agoHow Your Body Language Can Help Win a Disagreement
-
Side Hustles4 days agoHow to Be Unapologetically You and Why It Matters
-
Passive Income5 days agoAre You Running Your Business, or Is Your Business Running You?
-
Investing5 days ago7 Marketing Strategies to Help Your Startup Grow and Scale
-
Side Hustles5 days agoOpenAI Raises Record $6.6 Billion, Adds 50 Million New Users
-
Side Hustles6 days agoWhy the Best Time to Sell Your Business Is When You Least Expect It
-
Make Money5 days agoFlexJobs Report: Here’s How Workers View AI and Job Stability