Hapag Lloyd CEO says he expects Red Sea crisis to end this year
Ship operators face prolonged disruption as Yemen-based Houthi militants attack vessels travelling on one of the world's busiest routes, causing costly redirections around Africa. "It is my personal expectation that the Red Sea crisis will come to an end before the end of 2024," Chief Executive Rolf Habben Jansen said in an online discussion panel organised by the company.
The CEO of German container shipper Hapag-Lloyd said on Monday he expects that the Red Sea crisis can be overcome before the end of the year. Ship operators face prolonged disruption as Yemen-based Houthi militants attack vessels travelling on one of the world's busiest routes, causing costly redirections around Africa.
"It is my personal expectation that the Red Sea crisis will come to an end before the end of 2024," Chief Executive Rolf Habben Jansen said in an online discussion panel organised by the company. He said he was slightly more optimistic about the duration of the crisis than the average in the industry.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
Turkey joining South Africa's genocide lawsuit against Israel
Amul Signs Sponsorship Agreements with USA and South Africa for T20 World Cup
Soccer star's murder highlights South Africa's crime problem as election nears
Afreximbank to discuss financing Africa’s energy growth at Invest in African Energy
RMB awarded as Best Trade Finance Bank in Southern Africa and for Best Trade Finance Deal in Africa