Copenhagen - Disruption to Red Sea container shipping is rising, Maersk said, forecasting this will cut the industry’s capacity between Asia and Europe by up to 20% in the second quarter.
Maersk and other shipping companies have diverted vessels around Africa’s Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, with the longer voyage times pushing freight rates higher.
“The risk . . .
Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.
You cannot copy content of this page
