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Reuters

Maersk ramps up sailings via Suez Canal and the Red Sea

Reuters · Just In
Reuters
Reuters
Just In

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