Red Sea disruptions to continue into Q3, Maersk CEO says ...Saudi Arabia

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Red Sea disruptions to continue into Q3, Maersk CEO says
COPENHAGEN: The coming months will be challenging for carriers and businesses, as disruptions to container shipping via the Red Sea continue into the third quarter, Danish shipping company Maersk said on Monday. 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.

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