Maersk, CMA CGM continue to avoid Red Sea amid security concerns
The company acknowledged the ceasefire as a positive step toward stability but noted that security risks for commercial vessels in the Red Sea and Bab-el-Mandeb Strait remain high. The company emphasized that crew, vessel, and cargo safety remain its top priority, adding that returning to the area without guaranteeing safe passage could disrupt operations and supply chains.
Maersk also confirmed that the Gemini Cooperation with Hapag-Lloyd and its East-West network will proceed with planned routing via the Cape of Good Hope starting February 1, 2025.
Additionally, French shipping and logistics company CMA CGM stated in a press release that it will continue prioritizing alternative routes, including the Cape of Good Hope, for most of its network due to ongoing regional tensions and security risks.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Oil roller coaster in July H2 fails to derail most polymer rallies
- Dow’s €1.1 billion claim puts Europe’s ethylene cartel dispute back in focus
- Crude oil surges on renewed war premium; will it reverse the polymer slump?
- EU publishes tariff regulation, swings doors wide open to duty-free US plastics
- Stats: China rewrites PE trade dynamics as April exports explode amid Middle East disruptions
- Role reversal: Iran seeks polymers from Türkiye amid war disruptions
- US PE cracks after record highs; corrections spread from Asia to Europe and Türkiye
- Two months into war: China pressure reverses polymer rally in Asia, early cracks emerge in Türkiye, will Europe follow?
- Polymer rally at pandemic-era highs in just 6 weeks; what happens next?
- Cost of Middle East war for Türkiye: Polymer markets surge to 2021–2022 highs, PE exceeds pandemic-peaks

