Maersk, Hapag-Lloyd Deny Reported Safe Passage Deal With Houthis

A.P. Moller - Maersk A/S and Hapag-Lloyd AG denied any pact with Yemen’s Houthi rebels to facilitate the safe movement of vessels through the Red Sea, after shares in shipping companies sunk on a report of deals being struck.

Container company stocks were hit by a report in Danish publication ShippingWatch that said meetings between Houthi rebels and shipowners had taken place, and that some safe passage accords had already been agreed upon. The publication didn’t name the companies that had purportedly made the pacts.

WATCH: Shipowners are still looking for safe passage through the Red Sea.

Source: Bloomberg

Maersk A/S closed down 5.7% in Copenhagen, after earlier falling as much as 8.4%, ...