German shipping company Hapag-Lloyd said it will continue to avoid the Red Sea because it considers the area is still too dangerous despite the U.S. and allies deploying naval ships to deter further strikes by Houthi militants.
“We continuously assess the situation and plan a next review on Friday,” a spokesperson of the German shipping giant said Wednesday. It will continue to reroute its ships via the Cape of Good Hope in South Africa.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8