The Zhitong Finance App learned that shipping group Maersk said on Monday that another container route jointly operated by it with Germany's Hapag-Lloyd (Hapag-Lloyd) will resume navigation through the Suez Canal, and the two companies are gradually re-using this shortcut connecting Asia and Europe.

Maersk said in a statement that the ME1 route connecting India and Europe will now switch to the Suez Canal route instead of detouring a much farther route to Africa.

At the end of 2023, most shipping companies abandoned trade routes between Asia and Europe via the Suez Canal after the Houthis launched an attack in the Red Sea in Yemen.

The statement added: “Maersk and Hapag-Lloyd will continue to closely monitor the security situation in the Middle East. Any adjustments to routes within the 'Gemini' alliance will still depend on the continued stability of the Red Sea region.”

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.