BusinessShipping giant Maersk prepares to resume operations in Red...

Shipping giant Maersk prepares to resume operations in Red Sea


The methanol-fueled container vessel Laura Maersk sits at anchor in harbour after an official naming ceremony in Copenhagen, Denmark, September 14, 2023. 

Tom Little | Reuters

Denmark’s Maersk is preparing to resume shipping operations in the Red Sea and the Gulf of Aden, the company said on Sunday, citing the deployment of a U.S.-led military operation designed to ensure the safety of commerce in the area.

The shipping giant paused sending vessels through the Bab el-Mandeb strait earlier in December due to attacks against its ships. That rendered the Suez Canal, which is key to global commerce, unusable for most routes.

The United States said on Tuesday it was launching a multinational operation to protect commerce in the Red Sea from Iran-backed Yemeni militants, who have been firing drones and missiles at international vessels since last month in what they say is a response to Israel’s war in Gaza.

“As of Sunday, 24 December 2023, we have received confirmation that the previously announced multi-national security initiative Operation Prosperity Guardian (OPG) has now been set up and deployed to allow maritime commerce to pass through the Red Sea / Gulf of Aden and once again return to using the Suez Canal as a gateway between Asia and Europe,” Masersk said in a statement on Sunday.

“With the OPG initiative in operation, we are preparing to allow for vessels to resume transit through the Red Sea both eastbound and westbound.”

Maersk said it would release more details in the coming days. But it said it could again resort to diverting ship traffic depending on how safety conditions evolved.

On Tuesday, Maersk said it was rerouting ships around Africa via the Cape of Good Hope. It said it would impose container surcharges for shipments from Asia to cover the extra costs associated with the longer journey.

Several other firms have stopped transiting the Red Sea on safety concerns in recent weeks, as has oil major BP.



Original Source Link

Latest News

Nearly all of Uruguay’s grid runs on green energy. Here’s what to know

Only 2% of the electricity consumed in Uruguay is generated from fossil sources. It has a population of just under 3.5...

Who Profited During Bitcoin’s $100,000 Surge? Analyst Breaks Down the Data

Bitcoin ongoing price movement has sparked intense analysis as it continues to hover below the $100,000 mark. Despite...

India’s former PM Manmohan Singh dies at 92

This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa...

Advantest CEO Doug Lefever, whose company is the largest provider of chip testing machines, on AI chip demand, China, and more; Advantest's stock is...

Financial Times: Advantest CEO Doug Lefever, whose company is the largest provider of chip testing machines, on AI...

Nancy Pelosi Has Hip Replacement After Fall

After suffering a fall and fracturing her hip, former speaker and current Rep. Nancy Pelosi has had a...

Must Read

Lennar prepares for $5 billion spinoff company

Lennar's spinoff company would control over 105,000 homesites...

Bitcoin price dips 4% as TradingView 'glitch' sends dominance to zero

BTC price stability wobbles in what appears to...
- Advertisement -

You might also likeRELATED
Recommended to you