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.
18 Articles
18 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 To Resume Suez Canal Transits Under New Strategic Partnership
Image Credits: Suez Canal Authority/Facebook The Suez Canal Authority (SCA) and A.P. Moller–Maersk Group have signed a strategic partnership agreement that will see Maersk-affiliated vessels resume transits through the Suez Canal from early December, ahead of a full-capacity return. The announcement was made through a joint press release after discussions between both sides concluded successfully. CMA CGM is also expected to fully restore its Su…
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