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No fixed date yet; 60–90 day transition expected once security improves.

Shipping Industry’s Return to Suez Will Be Slow and Cautious: Hapag-Lloyd CEO.                                                                                                                                                                                                                                                                                         Hapag-Lloyd CEO Rolf Habben Jansen has said that global shipping companies will return to the Suez Canal only gradually, with no confirmed timeline yet. Since November 2023, major carriers have rerouted vessels around Africa due to security threats in the Red Sea from Yemen’s Houthis militants, who launched attacks in support of Palestinians during the Gaza conflict. Despite an October ceasefire aimed at ending the two-year war, shipping giants like Hapag-Lloyd and Maersk remain cautious, saying they will resume Suez transit only after clear improvements in security. Jansen noted that once a return begins, there will be a 60–90 day transition to prevent sudden port congestion and adjust global logistics networks. He also highlighted improving demand in recent weeks despite volatile market conditions, after reporting a 50% drop in profits. The company plans significant cost reductions over the next 12–18 months, supported by its Gemini network partnership with Maersk.