Due to the uncertain situation in the Red Sea, Germany's largest container shipping company Hapag-Lloyd continues to avoid the sea area in the Middle East.

Ships will continue to be diverted via the Cape of Good Hope at the tip of South Africa, a company spokesman said on Wednesday in response to an inquiry. Hapag-Lloyd is constantly monitoring the situation and intends to make a new decision on Friday. The Hamburg-based company had recently announced that it would divert around 25 ships planned for the Red Sea and the Suez Canal by the end of the year. Meanwhile, Danish rival Maersk has stated that it intends to resume using the route soon in view of the measures announced to secure the shipping routes in the Red Sea.

In Yemen, the Houthi rebels have declared their solidarity with the radical Islamic Hamas in the Gaza Strip and have repeatedly attacked ships off the coast under their control. On December 15, a Hapag-Lloyd ship was also attacked. The world's fifth-largest container shipping company has announced surcharges for transportation on its ships to and from the Middle East. In the meantime, the multinational security initiative OPG has been set up to restore maritime trade through the Red Sea and the Gulf of Aden.

(Report by Elke Ahlswede, edited by Myria Mildenberger. If you have any queries, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for business and markets).)