Africa Supply Chain
Maersk, Hapag-Lloyd resume Red Sea route amid capacity relief
A.P. Moller-Maersk and Hapag-Lloyd announced on July 6, 2026, they are resuming Red Sea and Suez Canal transit for select Asia–Europe services — the first major carrier alliance to do so since late 2023. The move follows security reassessments and aims to alleviate vessel capacity constraints that drove spot rates up 37% in recent weeks. Maersk shares fell 9%, Hapag-Lloyd dropped 4.6%, reflecting market expectations of rate normalization. The Majestic Maersk, currently near Oman, will be the first redirected vessel. The Cape of Good Hope detour added ~14–18 days and $250,000–$350,000 in fuel costs per round trip.
