US EditionSuez Canal Says Maersk Will Return in December, But Will It?
- On Tuesday, the Suez Canal Authority announced a strategic partnership with Maersk and said Maersk would return to Suez Canal routes in December, but Vincent Clerc said the carrier will resume only `as soon as conditions allow`.
- Security concerns from repeated assaults led carriers to divert after more than 100 Houthi attacks, while the Suez Canal Authority says ceasefires have calmed the Red Sea this month, helping Egypt recover lost revenues.
- Recent months have seen larger vessels and more transits as the Suez Canal Authority reports increased traffic, incentives including a 15 percent discount for containerships over 130,000 tons, and Maersk's commitment to expanding Egyptian port operations.
- The SCA says Maersk's return would likely prompt many shipping lines to resume Red Sea passage while holding intensive talks and forecasting steady traffic increases in the coming months.
- Amid activist campaigns, Maersk has faced pressure and divested from firms linked to settlements following UN OHCHR guidance, while pro‑Palestine activists continue protests at Maersk headquarters and abroad.
20 Articles
20 Articles
Maersk to Resume Suez Canal Shipping Operations ‘as Soon as Conditions Allow’
Shipping giant Maersk said on Tuesday that it was close to resuming shipping through the Suez Canal almost two years after terrorist attacks from the Iran-backed Houthi insurgents of Yemen forced many transport companies to avoid the route through the Red Sea that leads to the canal. The post Maersk to Resume Suez Canal Shipping Operations ‘as Soon as Conditions Allow’ appeared first on Breitbart.
Maersk set to restart Suez Canal journeys this December after fresh agreement with Egypt’s SCA
Maersk-affiliated ships will start making limited trips through the canal in early December, according to the SCA. Following the signing of a strategic partnership with Egypt’s Suez Canal Authority (SCA), A.P. Moller-Maersk announced a phased return to Suez Canal transits starting in early December. This move could reduce pressure on global supply chains and shorten travel times between Asia and Europe. On November 25, Maersk CEO Vincent Clerc a…
Several international investment funds are in danger of suffering historically large losses because of speculation against the shares of the Danish transport giant A.P. Møller - Maersk. The funds have expected the share price to fall sharply due to geopolitical unrest and the high energy in the transport industry, and they have invested shares. According to analyst Michael West Hybholt, they now hold about 20 percent of the freely tradable share…
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