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Hapag-Lloyd has completed its acquisition of a 25% stake in APM Terminals Maasvlakte II in Rotterdam, deepening its infrastructure ties with alliance partner Maersk.
Maersk and Hapag-Lloyd will switch their joint ME1 container service between India and Europe back to the Suez Canal, abandoning the longer Cape of Good Hope detour adopted after Red Sea attacks.
The crew of the container ship Espirito Santos Express abandoned the vessel in the Atlantic Ocean after an explosion and fire broke out on a voyage from Singapore to Santos, Brazil.
Maersk and Hapag-Lloyd will shift four additional Gemini Cooperation container services from the Cape of Good Hope back through the Suez Canal and Red Sea, doubling the number of strings using the corridor to six.
German carrier Hapag-Lloyd has acquired a significant stake in APM Terminals’ Maasvlakte II facility in Rotterdam, deepening its control over key European port infrastructure.
