By Andrea FiguerasGerman container shipping company Hapag-Lloyd said it will continue to divert its ships from the Red Sea, even as some of its peers plan to gradually increase transits through the area. Moller-Maersk (DK:MAERSK.B) aims to resume shipments through the Red Sea and CMA CGM said it plans to gradually increase the number of vessels transiting through Egypt's Suez Canal. Shipping companies as well as oil producers and cargo owners suspended transit through the Red Sea earlier this month following attacks on vessels by Iranian-backed Houthi rebels. Write to Andrea Figueras at andrea.figueras@wsj.comThis content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires12-29-23 0734ETCopyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal December 29, 2023 12:38 UTC