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Reuters

Maersk ramps up sailings via Suez Canal and the Red Sea

Reuters · Recent
Reuters
Reuters
Recent

Maersk will resume sailings via the Red Sea and Suez Canal for one of its services this month, the shipping group said on Thursday, marking a first step towards ending two years of global trade disruption due to attacks on ships by Yemeni Houthi rebels.

Breakdown
  • Maersk will resume Red Sea and Suez Canal sailings this month
  • Resumption follows two years of disruption from Houthi rebel attacks 10s
  • Maersk's share price fell over seven percent on the news 17s
  • First resumed service will connect Middle East, India, and US east coast 42s
  • Hapag Lloyd will not change Red Sea operations but is monitoring the situation 1m 7s