Shipping Giants Hesitant to Return to Red Sea Lanes After Peace Deal

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Shipping Giants Hesitant to Return to Red Sea Lanes After Peace Deal
SHIPPINGRED SEAHOUTHIS
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Maersk and Hapag-Lloyd remain cautious about resuming Red Sea operations despite the Gaza peace deal, citing ongoing Houthi attacks and uncertainties about their future actions. The companies highlight the significant disruptions caused by the situation, including delays, port congestion, and rising costs.

Shipping giants Maersk and Hapag-Lloyd told reporters on Thursday they are not yet prepared to return to the Red Sea shipping lanes after the peace dealcivilian ships in support of Hamas , largely shutting down what used to be one of the world’s busiest cargo routes. The Houthis said these attacks were an effort to assist Hamas by effectively blockading Israel. Red Sea operations in late 2023 due to Houthi attacks, followed closely by Hapag-Lloyd.

Hapag-Lloyd warned over the summer that even when the Gaza conflict ended, it would take time to determine if the Houthis would cease their pirate attacks and, even once the Red Sea was deemed safe, it would take four to six weeks for normal transit to resume.in October that he expected the Red Sea disruption to “last well into 2025,” even under the most optimistic scenarios.

With this battle reaching its conclusion with the declaration of a ceasefire in Gaza, the Palestinian cause was and will remain the first cause for which the nation must assume responsibility, considering the Zionist enemy entity a dangerous entity for everyone, and its continued occupation of Palestine represents a threat to the security and stability of the region, and that there will be no real peace for the region except with the disappearance of this emergency entity planted by force by a...

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