"Hapag-Lloyd": The Red Sea Crisis May End This Year

The CEO of the German shipping company "Hapag-Lloyd," Rolf Habben Jansen, noted today, Wednesday, that "the company still expects the Red Sea crisis to be resolved before the end of this year." Habben Jansen stated, "I don't know for certain, but we expect it to be resolved during this year, and for us to return to conditions resembling normalcy." "Hapag-Lloyd," the fifth largest container shipping company in the world, has been affected by attacks from the Yemeni Houthi group on commercial vessels in the Red Sea region, which has also impacted competing companies and led them to undertake longer and more costly routes around the African continent.