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Maersk eye on Red Sea shipping

  • Desk Report
  • Update Time : 01:55:20 pm, Tuesday, 26 December 2023
  • 88

Danish shipping giant Maersk has said it is preparing to resume shipping operations through the Red Sea and Gulf of Aden.

The move follows the deployment of an international military operation to prevent attacks on commercial ships by Yemen’s Houthi rebels.

Several firms have paused shipments via the Red Sea following the attacks.

German shipping firm Hapag-Lloyd has said it will decide on Wednesday whether to resume using the route.

The Red Sea is one of the world’s most important routes for oil and liquefied natural gas shipments, as well as for consumer goods.

It is bookended by the Bab al-Mandab Strait – also known as the Gate of Tears – in the south near the coast of Yemen and the Suez Canal in the north.

Houthis have declared their backing for Hamas in its war with the Israelis, and the rebels based in Yemen have said they are targeting vessels which they believe are heading for Israel. Some ships have come under attack from drones and rockets.

The alternative route, around the Cape of Good Hope, adds about 3,500 nautical miles to the journey. This has led to fears of disruption to the supply of goods transported through the Suez Canal, and an increase in prices to cover the higher transport costs.

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Maersk eye on Red Sea shipping

Update Time : 01:55:20 pm, Tuesday, 26 December 2023

Danish shipping giant Maersk has said it is preparing to resume shipping operations through the Red Sea and Gulf of Aden.

The move follows the deployment of an international military operation to prevent attacks on commercial ships by Yemen’s Houthi rebels.

Several firms have paused shipments via the Red Sea following the attacks.

German shipping firm Hapag-Lloyd has said it will decide on Wednesday whether to resume using the route.

The Red Sea is one of the world’s most important routes for oil and liquefied natural gas shipments, as well as for consumer goods.

It is bookended by the Bab al-Mandab Strait – also known as the Gate of Tears – in the south near the coast of Yemen and the Suez Canal in the north.

Houthis have declared their backing for Hamas in its war with the Israelis, and the rebels based in Yemen have said they are targeting vessels which they believe are heading for Israel. Some ships have come under attack from drones and rockets.

The alternative route, around the Cape of Good Hope, adds about 3,500 nautical miles to the journey. This has led to fears of disruption to the supply of goods transported through the Suez Canal, and an increase in prices to cover the higher transport costs.