What is being announced on 9 October that is new and an addition to what was shared in September 2024?
On 10 September, Maersk and Hapag-Lloyd released a network update presenting an alternative Cape of Good Hope network due to the on-going disruptions and safety concerns in the Red Sea. On 9 October, the two companies confirm that they expect to phase in the alternative Cape of Good Hope network for the commencement of the Gemini Cooperation in February 2025.
1. Network:
- Due to the on-going disruptions in the Red Sea, the two companies confirm that they expect to phase in the Cape of Good Hope network for the start of the Gemini Cooperation in February 2025.
- The Cape of Good Hope network follows the same design principles as the original Trans Suez Network and has been developed to deliver the reliability goals of the Gemini partnership.
- We have and will continue monitoring the situation in the Middle East very closely and hope that the situation will soon be resolved.
- We return to the Red Sea when it is safe to do so, but as the situation remains highly dynamic, we will be prepared for either scenario – a return to the Red Sea, or a continuation of the route south of the Cape of Good Hope.
- Also the alternative Cape of Good Hope Network, the ambition is to provide industry-leading schedule reliability (90% SeaIntel when fully phased in), reach, and speed.
2. Operational network update. Since the initial announcement, Maersk and Hapag-Lloyd have further improved the network, reflected in the following updates:
Cape Network
- Around 340 vessels
- 3.7m TEU capacity
- 57 services (29 mainliners, 28 shuttles)
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What is being announced on 10 September that is new and an addition to what was shared in January 2024? When do you expect to reach the 90% schedule reliability in the new Gemini cooperation? If the Cape Network is being phased in, when and how will a transition to the permanent Suez Network occur? How long will it take to transition from a Cape Network to a Trans Suez Network? Will Maersk return to a Trans Suez network? How will this cooperation further accelerate your decarbonisation efforts as you mention? What are the decision-making criteria for phasing in the Trans Suez network or the alternative Cape of Good Hope network? How and when will the phase-in occur, and when will it be complete? Why do Maersk and Hapag-Lloyd expect to implement the Cape of Good Hope instead of the Suez network? How will reliability be improved? What is being done to improve the capabilities of the transshipment hubs?New to Maersk.com?
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