Hapag-Lloyd to Decide on Wednesday About its Red Sea Routes 

Containers are seen on the Hapag-Lloyd container ship Chacabuco at the HHLA Container Terminal Altenwerder, on the River Elbe in Hamburg, Germany March 31, 2023. (Reuters)
Containers are seen on the Hapag-Lloyd container ship Chacabuco at the HHLA Container Terminal Altenwerder, on the River Elbe in Hamburg, Germany March 31, 2023. (Reuters)
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Hapag-Lloyd to Decide on Wednesday About its Red Sea Routes 

Containers are seen on the Hapag-Lloyd container ship Chacabuco at the HHLA Container Terminal Altenwerder, on the River Elbe in Hamburg, Germany March 31, 2023. (Reuters)
Containers are seen on the Hapag-Lloyd container ship Chacabuco at the HHLA Container Terminal Altenwerder, on the River Elbe in Hamburg, Germany March 31, 2023. (Reuters)

Germany's Hapag-Lloyd will decide on Wednesday how it will proceed with its Red Sea routes after suspending shipments there in response to safety concerns, a spokesperson said on Tuesday.

Several firms stopped transiting the Red Sea after attacks earlier in December against ships, disrupting global trade through the Suez Canal.

Denmark's Maersk said on Sunday it was preparing to resume shipping operations in the Red Sea and the Gulf of Aden, citing the deployment of a US-led military operation designed to ensure the safety of commerce in the area.

"We will decide tomorrow how we will proceed," the Hapag-Lloyd spokesperson said.



Saudi Arabia Announces Discovery of Oil, Gas Deposits

Saudi Arabia announced the discovery of seven oil and gas deposits. SPA
Saudi Arabia announced the discovery of seven oil and gas deposits. SPA
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Saudi Arabia Announces Discovery of Oil, Gas Deposits

Saudi Arabia announced the discovery of seven oil and gas deposits. SPA
Saudi Arabia announced the discovery of seven oil and gas deposits. SPA

Saudi Energy Minister Prince Abdulaziz bin Salman announced on Monday the discovery of seven oil and gas deposits in the Kingdom's Eastern Province and Empty Quarter, the official Saudi news agency SPA reported.

Prince Abdulaziz said Saudi Aramco had discovered "two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields, and two natural gas reservoirs", SPA said.

Two unconventional oil fields and one reservoir were discovered in the Eastern Province while two natural gas fields and two reservoirs in the Kingdom's Empty Quarter.