Hapag-Lloyd Halts Cuba Bound Bookings Amid US Executive Order

Hapag-Lloyd, the German shipping giant, announced on Sunday that it has suspended bookings to and from Cuba. This decision comes in the wake of U.S. President Donald Trump's executive order, highlighting the compliance risks involved.

The company, aligning itself with its French counterpart CMA CGM, made this strategic move to mitigate potential legal and financial repercussions.

In a statement issued via email, a spokesperson confirmed the halt, emphasizing the company's dedication to adhering to international regulations and safeguarding its operational interests.

(With inputs from agencies.)