Overview
- Maersk and Hapag‑Lloyd said they will resume selected Gemini network sailings via the Suez Canal after joint security assessments, marking a cautious step back to the Red Sea route.
- The return follows months of rerouting around the Cape of Good Hope after Houthi attacks forced most shippers to avoid the Suez corridor.
- Carriers have previously relied on naval escorts for limited transits and say any wider switch will depend on continued stability in the Red Sea and the absence of further attacks.
- Markets reacted quickly, with shares in both companies falling after the announcement, and analysts warn a fuller return could reduce freight rates and squeeze carrier earnings.
- The Suez route handled about 10% of global seaborne trade before the disruptions, so a progressive restoration of service could cut voyage times, lower fuel and insurance costs, and ease shipping delays for businesses and consumers.