RED SEA CRISIS MAY BE OVERCOME THIS YEAR, HAPAG-LLOYD CEO HOPES

Hapag-Lloyd CEO Rolf Habben Jansen expects the Red Sea crisis to end before 2024 concludes. In a May 15 interview with Reuters, Jansen expressed optimism about a return to normalcy, though he couldn’t be certain. The crisis, involving attacks on commercial vessels by Yemen-based Houthi militants, has impacted Hapag-Lloyd and other shipping companies, forcing them to take longer, costlier routes around Africa. Hapag-Lloyd is the world’s fifth-largest container liner.
Source: XM / Datamar News