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    Home » Hapag-Lloyd to resolve on Wednesday about Red Sea routes By Reuters | Invesloan.com
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    Hapag-Lloyd to resolve on Wednesday about Red Sea routes By Reuters | Invesloan.com

    December 26, 2023Updated:December 26, 2023
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    Hapag-Lloyd to decide on Wednesday about Red Sea routes
    © Reuters. FILE PHOTO: Containers are seen on the Hapag-Lloyd container ship Chacabuco on 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 resolve on Wednesday whether or not to renew journeys via the Red Sea, a spokesperson mentioned on Tuesday as Maersk ready to return to the realm after a U.S.-led operation started offering security towards assaults.

    The world’s high transport corporations, together with Maersk and Hapag Lloyds (LON:), stopped transiting the Red Sea after Yemen’s Houthi militant group beginning focusing on vessels earlier in December, disrupting world commerce via the Suez Canal.

    Instead they’ve rerouted through southern Africa, an extended and dearer journey. The canal is the quickest sea route between Asia and Europe.

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

    “We will decide tomorrow how we will proceed,” the Hapag-Lloyd spokesperson mentioned on Tuesday, declining to remark additional.

    The firm had mentioned final week it might redirect 25 ships by the top of the 12 months to keep away from the realm.

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