Elke Ahlswede

Hapag-Lloyd will continue to divert its vessels around the Suez Canal for security reasons, a spokesperson for the German container shipper said on Friday, adding a further assessment would be made on Jan. 2.

Germany's Hapag-Lloyd will continue to divert its vessels away from the Suez Canal and around the Cape of Good Hope for security reasons, a spokesperson for the company said on Tuesday.

Attacks on cargo vessels in the Red Sea by Yemen-based Houthi rebels are unlikely to end soon, forcing shipping companies to avoid the route through the Suez Canal, the head of Germany's Hapag-Lloyd told reporters on Wednesday.

The CEO of German container shipper Hapag-Lloyd said on Monday he expects that the Red Sea crisis can be overcome before the end of the year.

A German high court on Monday ruled that domestic security services could continue to treat the far-right Alternative for Germany (AfD) as a potentially extremist party, meaning they retain the right to keep it under surveillance.

Container shipping liner Hapag-Lloyd will be able to cope with the advent of U.S. tariffs on Chinese products, its chief executive told reporters on Tuesday.

A German court on Wednesday threw out a Peruvian farmer's lawsuit seeking damages from German utility RWE for allegedly putting his home at risk through climate change, as a damage-risk estimate was too small to take the case further.

Germany's Hapag-Lloyd said on Monday it would buy Israel's ZIM Integrated Shipping Services for $4.2 billion in cash to secure its position as the world's fifth-largest shipping group.

German shipping company Hapag-Lloyd is incurring additional costs of $40 million to $50 ​million per week due to the ongoing conflict in ‌the Middle East, a burden described as "not sustainable for a long time" by Chief Executive Rolf Habben Jansen on Thursday. Speaking at ​an online press conference, Habben Jansen said the ​company was grappling with "a big challenge" as six of ⁠its vessels, with 150 crew members, remain stranded in ​the Persian Gulf.

Hapag-Lloyd voiced cautious optimism on Wednesday on the prospect of resuming shipping through the Strait of Hormuz after ​a two-week ceasefire agreed between the U.S. and Iran, but said that ​resuming normal traffic throughout its network would take at ⁠least six to eight weeks.