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World Business Report: First broadcast 27/12/2023 15:32 GMT : Hapag-Lloyd keeps Red Sea shipping on hold

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Hapag-Lloyd keeps Red Sea shipping on hold

First broadcast 27/12/2023 15:32 GMT 

First broadcast 27/12/2023 15:32 GMT : Hapag-Lloyd keeps Red Sea shipping on hold

BBC World Service - World Business Report, Hapag-Lloyd keeps Red Sea shipping on hold

Major shipping company decides not to resume operations in the Red Sea.

Continuing threats to shipping in the Red Sea mean a major freight company won't yet resume operations.

Shipping companies are weighing the risks of sailing through the Red Sea and the Suez Canal, following attacks by Houthi rebels based in Yemen in solidarity with Palestinians.  The German shipping giant Hapag-Lloyd says it is not yet willing to resume shipping through the route following a meeting of its crisis committee on Wednesday. But the Danish firm Maersk, and the French company CMA-CGM both say their ships will resume passage through the Red Sea in the coming weeks.

Elsewhere, the New York Times says it’s suing Microsoft and Open AI over copyright infringement claims. The newspaper said the tech companies had taken its work and used it for commercial purposes without asking permission.

Presenter: Vivienne Nunis

FILE PHOTO: A forklift carries a shipping container at the Red Sea port of Hodeidah, Yemen June 24, 2018. REUTERS/Abduljabbar Zeyad/File Photo

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First broadcast 27/12/2023 15:32 GMT : Hapag-Lloyd keeps Red Sea shipping on hold

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