Finance
Shipping giants Maersk and Hapag-Lloyd see no immediate return to Red Sea
Published by Global Banking and Finance Review
Posted on January 16, 2025
2 min readLast updated: January 27, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 16, 2025
2 min readLast updated: January 27, 2026
Maersk and Hapag-Lloyd delay Red Sea operations post-ceasefire, citing security concerns. They will monitor Middle East developments closely.
By Vera Eckert and Louise Rasmussen
FRANKFURT/COPENHAGEN (Reuters) - Two of the world's top shipping companies, Maersk and Hapag-Lloyd, said on Thursday they did not see an immediate return to Red Sea after the ceasefire between Hamas and Israel was announced.
Both companies said they would be closely monitoring the situation in the Middle East and would return to the Red Sea once it was safe to do so.
"The agreement has only just been reached. We will closely analyze the latest developments and their impact on the security situation in the Red Sea," a Hapag-Lloyd spokesperson told Reuters.
"It is still too early to speculate about timing," a Maersk spokesperson said.
Hapag-Lloyd had already flagged in June that a ceasefire would not mean an immediate resume of passage through the Suez Canal, as attacks from Yemen-based Houthi militants could still be possible.
Rearranging the schedule would take between four and six weeks, a company spokesperson said at the time.
Disruptions in the Middle East have caused shipping companies to divert their vessels towards longer routes, often forcing their container ships around Africa's Cape of Good Hope, pushing freight rates higher and disrupting global ocean shipping.
(Reporting by Vera Eckert and Louise Rasmussen; writing by Isabel Demetz in Gdansk; editing by Milla Nissi)
The article discusses Maersk and Hapag-Lloyd delaying their return to the Red Sea due to security concerns despite a ceasefire.
Routes are diverted due to security threats in the Middle East, leading to longer journeys around the Cape of Good Hope.
The diversion increases freight rates and disrupts global ocean shipping schedules.
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