{"id":612788,"date":"2024-01-02T00:00:00","date_gmt":"2024-01-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/02\/maersk-once-again-pauses-red-sea-traffic-after-another-houthi-attack\/"},"modified":"2024-01-02T00:00:00","modified_gmt":"2024-01-02T00:00:00","slug":"maersk-once-again-pauses-red-sea-traffic-after-another-houthi-attack","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/02\/maersk-once-again-pauses-red-sea-traffic-after-another-houthi-attack\/","title":{"rendered":"Maersk once again pauses Red Sea traffic after another Houthi attack"},"content":{"rendered":"

Houthi attacks continue to scare away shipping companies: <\/strong>AP Moller-Maersk \u2014 the world\u2019s second-largest shipping line \u2014 has once again paused all transit through the Red Sea and Gulf of Aden after the Iran-backed Houthis launched attacks on one of its vessels, the company said in a statement<\/a> on Sunday. US navy helicopters stepped in to retaliate, sinking three Houthi vessels and killing 10 militants, Reuters<\/a> reported. The company is expected to issue a status update later today. <\/p>\n

Remember: <\/strong>This comes just one week after Maersk said<\/a> it would resume operations in the Red Sea under the protection of the US-led naval coalition<\/a>, which promised to patrol the area. AP Moller-Maersk, Hapag-Lloyd, CMA CGM, and many other international shipping companies last month announced that they will be pausing transit<\/a> through the Red Sea following repeated attacks from Yemen\u2019s armed Houthi group on passing vessels.<\/p>\n

Hapag-Lloyd remains reluctant to return to the Red Sea: <\/strong>The German shipping giant will continue to reroute its vessels away from the Red Sea, with a situation reassessment due today, Reuters<\/a> reports. Japan\u2019s two largest carriers \u2014 Mitsui OSK Lines and Nippon Yusen \u2014 have been rerouting vessels with ties to Israel away from the Red Sea.<\/p>\n

But some shipping companies are looking to restart operations: <\/strong>Taiwan\u2019s Evergreen is preparing to resume transit through the Suez Canal this week, according to the Arab World News Agency<\/a>. While French shipping giant CMA CGM has reportedly notified the Suez Canal it will also be returning in the coming days, according to the regional news outlet.<\/p>\n

Ships steaming away from the Suez Canal will deliver a hit to our FX position when we<\/strong> can least afford it.<\/strong> By some estimates, the Suez Canal Authority lost USD 15-20 mn every day that the canal was not navigable after the Ever Given ran aground.<\/p>\n","protected":false},"excerpt":{"rendered":"

US navy helicopters stepped in to retaliate, sinking three Houthi vessels and killing 10 militants<\/p>\n","protected":false},"author":1,"featured_media":612789,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8237],"tags":[72,145,665,6984,7103],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-612788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-logistics","tag-enterpriseam","tag-logistics","tag-maersk","tag-middle-east-politics","tag-suez-canal","wpautop","entry"],"acf":{"mongo_id":"26e50e17-7afe-4390-ad14-52ff4cfc7da1","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/76.JPG","photo_position":"above","homepage_title":"","full_issue_title":"Maersk 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