French Container Shipping Giant Halts Red Sea Route [Yahoo! Finance]
A.P MOLLER-MRS UNS/ADR (AMKBY)
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Source: Yahoo! Finance
one of the last major firms in the industry has now deemed the area too unsafe because of attacks that Houthi militants have been carrying out. Most Read from Bloomberg Meta's $197 Billion Surge Is Biggest in Stock-Market History Donald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin Dossier A $560 Billion Property Warning Hits Banks From NY to Tokyo The Most Popular Man in Ukraine Has Become a Problem for Zelenskiy Stock Bull Run Powers Ahead as US Economy Roars: Markets Wrap The crews serving on the company's ships were informed of the decision earlier Friday, the person said. CMA CGM will keep operating in the northern Red Sea but will not send its fleets through the southern part that is unavoidable for any vessel seeking to use Egypt's Suez Canal to go between Europe and Asia. Swaths of the container shipping industry including A.P. Moller-Maersk A/S already stopped sending their ships through the area after numerous attacks since late last year. That left
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