Maersk says impact from Red Sea attacks continues to intensify

Middle East News
2024-09-05 | 08:27
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
print
Maersk says impact from Red Sea attacks continues to intensify
Whatsapp
facebook
Twitter
Messenger
telegram
print
2min
Maersk says impact from Red Sea attacks continues to intensify

The negative impact on maritime shipping and global supply chains from attacks in the Red Sea continues to intensify as traffic is rerouted away from the Suez Canal, Danish shipping company A.P. Moller-Maersk said on Thursday.

Attacks in the Red Sea by Iran-aligned Houthi militants have disrupted a route vital to east-west trade, with prolonged rerouting of shipments, pushing freight rates higher and causing congestion in Asian and European ports.

Maersk said recent data showed that the number of ships crossing through the canal has fallen 66% since carriers began diverting their vessels around Africa. Maersk did not elaborate on the data.

"These disruptions have led to service reconfigurations and volume shifts, straining infrastructure and resulting in port congestion, delays, and shortages in capacity and equipment," it added.

Maersk in July said disruption to its container shipping via the Red Sea had extended beyond trade routes between the Far East and Europe to its entire global network, and warned of a "cascading impact" causing congestion.

"The timeline for easing these disruptions and returning to 'normal' remains uncertain," it said on Thursday.

It added that demand for container shipping remains robust.



Reuters

Middle East News

Maersk

Impact

Red Sea

Attacks

LBCI Next
Second stage of Gaza polio campaign begins while war goes on in other areas
Israeli PM says Hamas 'rejected everything' in Gaza truce talks
LBCI Previous
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More