Hapag-Lloyd, one of the largest shipping firms, and other major shipping companies continue to divert vessels from the Suez Canal and Red Sea due to security threats. The decision has resulted in a significant reduction in traffic in the Red Sea, with about half of the container ship fleet avoiding the route. This accounts for approximately 18% of global shipping capacity. The situation has also led to a 25% increase in transit time for ships crossing Africa instead of using the Suez Canal. While Hapag-Lloyd plans to reassess the situation on January 2, the CEO of Maersk believes it is safe to start returning ships to the Red Sea route.
Hapag-Lloyd CEO: the situation remains too dangerous to pass through the Suez Canal Maersk CEO: we believe it’s safe to start returning ships to Red Sea route https://t.co/S4zi4rPrTv https://t.co/Rlr9Rzzl7O
Half the cargo ships that regularly use the Suez Canal are now avoiding it due to the risk of Iran-backed attacks https://t.co/DBs2f2BHgD https://t.co/DBs2f2BHgD
Half of the container ship fleet that regularly transits the Red Sea and Suez Canal is now avoiding the route because of the threat of attacks https://t.co/xvyxcwQgmv
Bloomberg: Traffic in the Red Sea has been cut in half • 299 ships have either changed course or are planning to do so • The number from a week ago has doubled. • Equivalent to about 18% of global capacity. Transfers across Africa take 25% longer than using the Suez Canal. https://t.co/LJtI9aDNUa
Hapag-Lloyd will continue to divert its vessels around the #SuezCanal for security reasons, a spokesperson for the German container shipper says, adding a further assessment would be made on January 2. https://t.co/4T9WUJZ8IU
BREAKING: Japan’s largest shipping companies say vessels with links to Israel will be avoiding the Red Sea area
Live update: Germany’s Hapag-Lloyd, Japan’s 2 largest shipping firms to keep avoiding Red Sea https://t.co/0cUHWy6LZi . Click to read ⬇️
Half of the container ship fleet that regularly transits the Red Sea and Suez Canal is now avoiding the route because of the threat of attacks in the region https://t.co/00qbp8L7QS via @b_muzz @alexlongley1 https://t.co/hdiI3MmyTM
Hapag-Lloyd will continue to avoid the Red Sea. Next assessment is next week. https://t.co/hg7g6I5bqC https://t.co/pNwIzPfaPh
Hapag-Lloyd: will continue to divert vessels from the Suez Canal https://t.co/WSJedcMUaN https://t.co/HKG9tqe7j0