COPENHAGEN, Sept 10 (Reuters) - Maersk and
Hapag-Lloyd ( HLAGF ) could add more container vessels to an
alliance announced earlier this year if shipping disruptions in
the Red Sea continue, the companies said on Tuesday.
Attacks in the Red Sea by Iran-aligned Houthi militants have
since late last year forced shipping companies to reroute
traffic away from the Suez Canal and instead sail around Africa,
a longer journey that ties up more capacity.
Maersk and Hapag-Lloyd ( HLAGF ) in January said they had agreed on a
new collaboration, starting in February of 2025, to transport a
combined 3.4 million containers annually with a fleet of 290
vessels, in a tie-up known as the Gemini Cooperation.
But the two shipping giants on Tuesday said that the
collaboration could grow to 340 vessels and transport a combined
3.7 million containers if the disruptions in the Red Sea
continue.
Joining forces will allow Hapag-Lloyd ( HLAGF ) and Maersk to offer
more frequent and flexible services, making their operations
more efficient and reliable, they said.
The companies will announce in October this year whether
they expect to implement their original plan, which relies on
the Red Sea and Suez, or instead adopt the alternative plan of
sailing around Africa with a larger fleet, Maersk said.
Hapag-Lloyd ( HLAGF ) and Maersk have set an ambitious target of
delivering schedule reliability of above 90% once the network is
fully phased in, with Denmark's Maersk providing 60% of the
vessels and Germany's Hapag-Lloyd ( HLAGF ) 40%, they said in January.