“Maersk” Shipping Company: It is still too early to resume the Red Sea route

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Maersk shipping

Egypt Daily News – The giant shipping company Maersk announced that it remains extremely cautious about the rapid return to shipping traffic through the Red Sea. “Maersk” company’s website, despite the “Ansar Allah” group announcing that it would stop its attacks on commercial ships, “Maersk” also confirmed that it will continue to closely monitor the situation before making any decision regarding the full resumption of its operations in the Red Sea.

The Ansar Allah group’s (Houthis) announcement to stop its attacks on commercial ships raised hopes of resuming shipping traffic through the Red Sea, a vital waterway for global trade, but the giant shipping company Maersk warned against a rapid return to this corridor.

The region has witnessed rapid transformations in recent days, as the “Ansar Allah” (Houthis) group announced a ceasefire, while Israel announced a ceasefire agreement in Gaza, and these developments greatly affected the navigation movement in the Red Sea, as shipping companies, and Maersk headed, very cautious about returning too quickly to this vital corridor.

It was reported that last October, the Danish shipping group, AB Moller-Maersk, announced that it did not expect sailing through the Suez Canal to resume until “in 2025.”

The company’s CEO, Vincent Clerc, explained in statements to reporters: “There are no signs of stopping the escalation and it is not safe for our ships or personnel to go there. Our expectations at this stage are that the matter will continue until 2025.”

Clerk added: “Maersk saw strong demand in the third quarter of 2024, driven in particular by exports from China and Southeast Asia.” Maersk, which is a barometer of global trade, added that it “does not see any signs of a slowdown in shipping volumes from Europe or North America in the coming months.”

Attacks on ships in the Red Sea, by the Yemeni “Ansar Allah”(Houthis) group, caused the disruption of a vital shipping route for trade between East and West, with shipments being redirected for a long period, which led to higher shipping prices, and resulted in congestion in Asian and European ports.

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