"Shipping Giants Grapple with Red Sea Dilemma Amid Rising Houthi Attacks"

TL;DR Summary
Maersk is set to decide on Tuesday whether to continue using the Suez Canal route through the Red Sea or to reroute ships around Africa after a Houthi militant attack on the Maersk Hangzhou. The attack prompted a 48-hour pause in Red Sea sailings and affected over 30 Maersk vessels. The U.S. military intervened during the incident, and the affected ship is now near the Suez Canal. The decision will impact maritime trade, as the Suez Canal is a key passage for global container ship cargo, and rerouting around Africa significantly increases costs and travel time.
- Maersk to decide on Red Sea route on Tuesday after attack Reuters
- Many big shipping companies will now double pay for crew sailing through the now-perilous Red Sea Fortune
- Shipping behemoth Maersk largely sticking to Red Sea route despite Houthi assault The Times of Israel
- Maersk pauses Red Sea voyages a day after Houthis attack ship Fox Business
- Shipping firms split on return to Red Sea as Houthi attacks continue CNN
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