UPDATE 1-Hapag-Lloyd to avoid Suez for at least another week – spokesperson

Germany's Hapag-Lloyd will continue to divert its vessels away from the Suez Canal and around the Cape of Good Hope for security reasons, a spokesperson for the company said on Tuesday. The company, will decide on that day whether or not to continue rerouting ships, the spokesperson added, referring to the results of a meeting of its crisis committee. Like rivals, Hapag-Lloyd is trying to avoid the Red Sea area after Yemen's Houthi militant group began targeting commercial vessels, disrupting global trade.