Maersk Sees Better Safety in Red Sea as It Eyes Eventual Return

A.P. Moller-Maersk A/S said the conditions for it to resume transit through the southern Red Sea appear to be improving as the shipping giant plots an eventual return to a route that shaves thousands of miles off voyage times.

“Given the significant progress in both Gaza and Bab El-Mandeb, Maersk will take steps to resume navigation around the east-west corridor via the Suez Canal and Red Sea and, over time, normalize the transit time to transit on this route,” Chief Executive Officer Vincent Clerc told reporters in Egypt on Tuesday.