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Container Shipping Companies Halt Bookings, Divert Vessels Due to Middle East Risks

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Container shipping companies have begun halting bookings and diverting vessels as they respond to the increasing security risk in the Middle East.

Hapag-Lloyd HLAG -1.76%decrease; red down pointing triangle said Wednesday that it has suspended all bookings to and from the Upper Gulf region due to the current operational and security constraints in the area.

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