Shipping Giant MSC Says It Will Keep Avoiding Red Sea for Now

(Bloomberg) —

Container liner MSC Mediterranean Shipping Co. SA said it will continue to send its ships around Africa’s southern tip until further notice, a sign that any resumption to normal trade flows through the Red Sea is not imminent. 

“The situation in the Suez Canal remains fluid and the security situation is unclear,” the company said by email Tuesday. “In order to guarantee the safety of our seafarers and to ensure consistency and p…