A.P. Moller - Maersk A/S and Hapag-Lloyd AG denied any pact with Yemen’s Houthi rebels to facilitate the safe movement of vessels through the Red Sea, after shares in shipping companies sunk on a report of deals being struck.
Container company stocks were hit by a report in Danish publication ShippingWatch that said meetings between Houthi rebels and shipowners had taken place, and that some safe passage accords had already been agreed upon. The publication didn’t name the companies that had purportedly made the pacts.
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