Shipping giants Maersk and Hapag-Lloyd have paused their activity in a part of the Red Sea until further notice following a number of recent attacks on vessels.
Both companies have told all vessels scheduled to pass through the Bab al-Mandab Strait to pause their journeys until further notice. The Strait acts as a strategic link between the Indian Ocean and the Mediterranean Sea via the Red Sea and the Suez Canal. Approximately 10 to 12 per cent of global trade passes through…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
