"Maersk Suspends Red Sea Navigation, Mulls Future Steps Following Attacks"

Maersk is set to decide on Tuesday whether to continue using the Suez Canal for Red Sea routes or to reroute ships around Africa after a Houthi militant attack on the Maersk Hangzhou. The company temporarily halted Red Sea sailings and is monitoring the situation closely, with over 30 vessels affected. Rival company Hapag-Lloyd has already extended its diversion of Red Sea routes until January 9th. The Suez Canal is a critical shipping lane, and diverting around Africa can add significant costs to shipping companies.