The US is launching a multi-national security initiative – Operation Prosperity Guardian – to protect shipping in the Red Sea and the Gulf of Aden from attacks by Houthi militia.
MSC, CMA CGM, Maersk, and Hapag-Lloyd have all paused their vessels transiting the Red Sea and are rerouting via the Cape of Good Hope as Houthi militia step up attacks on commercial shipping.
China’s Hudong-Zhonghau Shipbuilding, a subsidiary of CSSC, has delivered the CMA CGM Bahia on December 7 as the shipyard looks to solidify its leadership in building LNG-fueled containerships.
In AP Moller-Maersk’s much-heralded strategy to offer world class integrated logistics services to shippers, the nay sayers have come out in force, particularly since the boom post-pandemic boom years have ended.