Delivery giant Maersk prepares to resume functions in Red Sea

Delivery giant Maersk prepares to resume functions in Red Sea


The methanol-fueled container vessel Laura Maersk sits at anchor in harbour soon after an formal naming ceremony in Copenhagen, Denmark, September 14, 2023. 

Tom Small | Reuters

Denmark’s Maersk is preparing to resume delivery operations in the Crimson Sea and the Gulf of Aden, the enterprise stated on Sunday, citing the deployment of a U.S.-led military procedure built to be certain the protection of commerce in the place.

The transport giant paused sending vessels via the Bab el-Mandeb strait before in December because of to assaults from its ships. That rendered the Suez Canal, which is critical to worldwide commerce, unusable for most routes.

The United States said on Tuesday it was launching a multinational operation to secure commerce in the Crimson Sea from Iran-backed Yemeni militants, who have been firing drones and missiles at global vessels since last thirty day period in what they say is a response to Israel’s war in Gaza.

“As of Sunday, 24 December 2023, we have been given confirmation that the previously introduced multi-countrywide safety initiative Operation Prosperity Guardian (OPG) has now been set up and deployed to enable maritime commerce to pass via the Crimson Sea / Gulf of Aden and when once more return to employing the Suez Canal as a gateway amongst Asia and Europe,” Masersk claimed in a assertion on Sunday.

“With the OPG initiative in procedure, we are preparing to allow for vessels to resume transit as a result of the Purple Sea the two eastbound and westbound.”

Maersk said it would release extra details in the coming days. But it stated it could once again vacation resort to diverting ship visitors relying on how basic safety disorders developed.

On Tuesday, Maersk explained it was rerouting ships around Africa by means of the Cape of Excellent Hope. It said it would impose container surcharges for shipments from Asia to address the added costs associated with the longer journey.

Quite a few other corporations have stopped transiting the Pink Sea on safety problems in latest months, as has oil major BP.



Resource

Hims & Hers stock falls 10% on revenue miss
World

Hims & Hers stock falls 10% on revenue miss

The Hers app arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025.  Gabby Jones | Bloomberg | Getty Images Shares of Hims & Hers Health fell 9% in extended trading on Monday after the telehealth company reported second-quarter results that missed Wall Street’s expectations for revenue. Here’s how the company did […]

Read More
Figma’s stock sinks more than 20% after last week’s IPO pop
World

Figma’s stock sinks more than 20% after last week’s IPO pop

Dylan Field, co-founder and CEO of Figma, appears on the floor of the New York Stock Exchange in New York on July 31, 2025. Figma shares surged as much as 229% after the design software maker and some of its shareholders raised $1.2 billion in an IPO, with the trading valuing the company far above […]

Read More
OpenAI’s ChatGPT to hit 700 million weekly users, up 4x from last year
World

OpenAI’s ChatGPT to hit 700 million weekly users, up 4x from last year

Jaque Silva | Nurphoto | Getty Images OpenAI is set to hit 700 million weekly active users for ChatGPT this week, up from 500 million in March, marking a more than fourfold year-over-year surge in growth, the company said Monday. The figure spans all ChatGPT artificial intelligence products — free, Plus Pro, Enterprise, Team, and […]

Read More