Maersk resumes shipping in the Red Sea?
Maersk resumes shipping in the Red Sea?
Before July
No
Before July
No
Before 2025
No
Before 2025
No
Market Rules
Before July
If Maersk resumes shipping in the Red Sea by Jun 30, 2024, then the market resolves to Yes. Outcome verified from Maersk.
Timeline and payout
Market openFeb 20, 2024 · 5:00pm EST
Market closedAfter the outcome occurs
Paid out1 hour after closing
SeriesKXMAERSK
EventMAERSK-2
MarketMAERSK-2-24JUN30
Insider trading is prohibited
The following are prohibited from trading this contract:
- Persons who are employed by any of the Source Agencies are not permitted to trade on the Contract.
- Persons who hold any material, non-public information on the Underlying are not permitted to trade on the Contract.
About
Following the October 7th Hamas attacks on Israel, Iranian-backed Houthi rebels began targeting Red Sea shipping lanes off Yemen, affecting 10% of global trade via the Suez Canal. As a result, Maersk has paused all traffic in the area. A U.S.-led naval coalition is now attempting to protect commercial vessels. It remains to be seen if this will reassure shipping companies like Maersk by April, or if they will continue to avoid the area.