Red Sea Diversions to Enter a Third Year, CEO Says: Supply Lines

The CEO of the world’s No. 5 container shipping line indicated that the danger of attacks on cargo ships transiting the Red Sea will likely extend into 2026.

“We’ve all been pretty hopeful that a some point in time we’d be going back through Suez,” Rolf Habben Jansen of Hapag-Lloyd told Bloomberg Television on Thursday. “But if we look at where we are today, I think it is unlikely that we will return to Suez before the end of this year.”

That aligns with the view from Maersk, the No. 2 carrier that earlier this year started a vessel-sharing ...