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Gemini Cooperation Resumes Limited Red Sea-Suez Canal Transits Amidst Security Concerns
The Gemini Cooperation, comprising Maersk and Hapag-Lloyd, has initiated a limited resumption of services through the Red Sea and Suez Canal, a key trade route disrupted by recent attacks. The move signals a cautious return to the area following a period of significant disruption,with voyages now proceeding under naval protection.
Background: Disruption and Rerouting
prior to late 2023, the Suez Canal accounted for approximately 12% of global maritime trade, offering the moast direct shipping route between Asia and Europe [Reuters]. though, attacks on commercial vessels in the Bab el-Mandeb Strait by Houthi rebels, a Yemeni group backed by Iran, prompted most container lines to divert thier ships around the Cape of Good Hope, adding significant time and cost to voyages.
Gemini Cooperation’s Initial Steps
The Gemini Cooperation, formed in February 2024, is initially restarting its ME11 (also known as IMX) service, connecting India and the Middle East to Mediterranean ports. starting in mid-February 2024, the Albert Maersk and Astrid Maersk will once again transit the Bab el-Mandeb Strait, Red Sea, and Suez Canal, but will do so under military escort due to the ongoing security risks [Gemini Cooperation].
This decision follows a prosperous test transit in December 2023 with the Maersk Sebarok, which was undertaken to assess the security situation before considering a wider resumption of services [Mer et Marine].