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Home > All news > Shipping > Hapag-Lloyd sees prolonged Red Sea re-routings regardless of ceasefire

Hapag-Lloyd sees prolonged Red Sea re-routings regardless of ceasefire

June 12, 2024
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Hapag-Lloyd's container vessels, symbolizing the discussion on container rates.

HAMBURG : Hapag-Lloyd told Reuters that the German shipping company does not expect the Suez Canal to be open again anytime soon, despite a recent ceasefire between Hamas & Israel.

The world’s fifth largest shipping company made the comments after Palestinian groups welcomed an U.N. Security Council Resolution backing a proposal to end violence in Gaza.

Hapag-Lloyd shares and Danish counterpart Maersk’s shares fell 5-6% on this news. The spokesperson stated that “even if a ceasefire were to . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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