It will take two to three months to resume sailing through the Red Sea and Suez to avoid bottlenecks in the ports, says the Hapag-Lloyd chief exec.
No timetable has yet been set for the resumption of shipping through the Suez Canal, but when shipping does resume, it will be gradual.
This was stated by Rolf Habben Jansen, chief executive officer of Hapag-Lloyd, the world’s fifth-largest container shipping company, during a teleconference with the company’s customers on Thursday, according to international news outlet Reuters.
However, there will be a transition period of 60-90 days to adjust logistics and avoid congested ports.
Shipping companies have been taking the longer and more expensive route south of Africa since November 2023 due to attacks on traffic in the Red Sea by the Houthis in Yemen.
Source: SHIPPINGWATCH