Maersk Shares Fall Sharply on News About the Suez Canal

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After an assessment of the safety situation, Maersk has chosen to resume sailing through the Suez Canal.

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The Danish shipping group Maersk informed on Monday that one of the services of its Gemini network, operated in partnership with the German Hapag-Lloyd, will again sail through the Suez Canal rather than around the Cape of Good Hope in Africa. The shipping companies assess to resume the use of this important trade corridor between Asia and Europe after the ships have been redirected to the route around Africa in recent years, due to the attacks …

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Danish shipping conglomerate Maersk shares fell at lunchtime on Monday after the announcement that the company will once again operate the Suez Canal, which means a significantly shorter freight route between Asia and Europe compared to going around Africa.