US Markets
Tuesday, January 2nd, 2024 4:09 pm EDT
Key Points
- Suspension of Shipping Transit: Maersk, a major Danish shipping company, has decided to halt all shipping transit through the Red Sea and Gulf of Aden until further notice. This decision comes in response to an attack on one of its vessels by militants over the weekend.
- Extension of Initial Pause: The announcement extends a 48-hour pause that Maersk had initially implemented on Sunday immediately after the attack on its vessel. This move underscores the seriousness of the security concerns in the region and the need for a more prolonged suspension of shipping activities.
- Customer Notification: Maersk communicated the decision to its customers through an update on Tuesday, stating, “We have made the decision to pause all transits through the Red Sea / Gulf of Aden until further notice.” This action reflects the company’s commitment to prioritizing the safety of its vessels and crews in the wake of security threats.
Maersk, the Danish shipping giant, has declared a complete pause on all shipping transit through the Red Sea and Gulf of Aden until further notice following an attack on one of its vessels by militants over the weekend. This decision extends a 48-hour halt that was initially implemented on Sunday in response to the attack. In an update sent to customers on Tuesday, Maersk stated, “We have made the decision to pause all transits through the Red Sea / Gulf of Aden until further notice.” The move reflects concerns about the safety and security of shipping routes in the region, particularly in the wake of the recent attack on one of Maersk’s vessels.
For the full original article on CNBC, please click here: https://www.cnbc.com/2024/01/02/maersk-halts-red-sea-shipping-until-further-notice-after-houthi-militant-attack.html
