German auto industry still cautious on Suez transit

The German automotive industry is still cautious, particularly regarding insurance issues, before resuming transport through the Suez Canal, its business association VDA said. The top priority for everyone involved is the absolute safety of the crews - this is a prerequisite for any decision to resume wider use of this route, said VDA. It said a first survey of the route has been conducted with select shipping companies, under special security measures. In principle, resuming voyages through the Suez Canal could lead to shorter transport times and lower costs compared to the current alternative routes. One of Maersk’s services resuming using the Red Sea and Suez Canal this month marks a key step towards ending two years of global trade disruption due to attacks on ships by the Houthis, said a report.

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