Maersk Ramps Up Sailings Via Suez Canal and the Red Sea
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.
The Danish shipping group's share price fell more than 7% on the news, reflecting the likelihood of lower freight rates as vessels gradually return to the shorter Suez route.
Shipping companies are weighing a return to the critical Asia-Europe trade corridor after vessels were rerouted in late 2023 around Africa following the Houthi attacks in...
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