Shipper Hapag-Lloyd Says Red Sea Route Still Too Dangerous
- Vessels will keep taking detours via Cape of Good Hope
- There have been persistent attacks from Yemen in recent weeks
pot rates for container shipping have jumped 26% over the past four weeks.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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Shipping giant Hapag-Lloyd AG said it will keep its vessels away from the Red Sea even after the launch of a US-led taskforce to protect the key trade route from militant attacks.