The world’s fifth largest shipping company made the
comments after Palestinian groups welcomed an U.N. Security Council Resolution
backing a proposal to end violence in Gaza. Hapag-Lloyd shares and Danish
counterpart Maersk’s shares fell 5-6% on this news.
Hapag-Lloyd
said that it will take four to six weeks for the operations to be back to
normal even after the Suez Canal reopens for transit. The global shipping industry has been disrupted,
especially in the Red Sea area, where operators avoid the Suez Canal due to
attacks by Houthi militants based in Yemen.
Maersk refused to comment. In February, its CEO stated
that the company needed a permanent
solution to return to the Red Sea.