Shipping giant warns of prolonged Red Sea crisis ...News

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Shipping giant warns of prolonged Red Sea crisis
Maersk suspended vessel transits via the key trade route in January due to attacks by Houthi rebels Danish shipping major AP Moller-Maersk is advising customers to prepare for a prolonged Red Sea crisis that could stretch well into the second half of this year, CNBC reported this week.  The second-largest global ocean carrier has added about 6% of extra vessel capacity to its schedule, adding to operational costs, according to the report. Major shipping companies have started sending hundreds of their vessels on longer and more expensive journeys around southern Africa’s Cape of Good Hope after Houthi rebels insti

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