Resumption of Suez transits in doubt after return of Red Sea hostilities
Hope for a resumption of Suez Canal transits by container lines were dented over the ...
Photo: VesselFinder
One Singapore-incorporated start-up is taking advantage of the Red Sea crisis to launch a container shipping service to the high-risk area.
Sea Legend Shipping was incorporated in February 2023 and is held by the British Virgin Islands (BVI)-registered Sea World Legend Holdings. A Singaporean, Deng Ping, is its director.
Its website says Sea Legend owns 10 containerships, ranging from 1,800 to 4,900 teu claims that the Chinese navy is escorting its vessels through the Red Sea.
Opportunistic operators have been capitalising on the lack ...
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