Maersk CEO: Safety conditions are in place for a full return to the Suez, provided nothing happens in Yemen. The company will assess whether it can begin the next phase of returning alongside partner Hapag-Lloyd.
Shipping giant Hapag-Lloyd is losing up to $60 million a week due to Strait of Hormuz disruptions, driven by rerouted cargo and rising fuel costs, according to Reuters.
Hapag-Lloyd, one of the world's largest container shipping companies, says transit through the Strait of Hormuz remains suspended for its vessels. The company says its risk assessment has not changed.
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