Browsing: Hapag-Lloyd

• Major shipping lines among them Mediterranean Shipping Company (MSC) and Maersk have been avoiding the Red Sea and the Suez Canal route.
• This move follows attacks by the Iran-backed Houthi rebels in Yemen, who have been targeting ships travelling to Israel.
• The Houthis have declared their support for Hamas in the ongoing war Israel war in Gaza that erupted following October 7 Hamas attacks.

The East African region remains exposed to high freight costs even as shipping lines indicate they are resuming voyages through the Red Sea after a hitch in December, caused by attacks by Houthi rebels.

Major shipping lines, including the world’s leading container carrier, the Mediterranean Shipping Company (MSC), and the second-placed Maersk, have been avoiding the Red Sea and the use of the Suez Canal.

This decision came after persistent attacks by the Iran-backed Houthi rebels in Yemen, who have been targeting ships traveling towards Israel.…

China, which has a competitive advantage in construction, can play a leading role in closing this gap. It is also important to grow local high and low wealth logistics companies. Before the pandemic, demand for African logistics companies had grown, and more venture capital was introduced into new local logistics companies.
Although the Covid-19 crisis is causing trade disruptions, road transportation is still vital to food supply, medicine and other necessities for people and medical institutions.…