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Maersk Says Red Sea Disruption Will Cut Capacity By 15% To 20% In Q2

The disruption to container shipping traffic in the Red Sea is increasing and is expected to reduce the industry's capacity.

Maersk says Red Sea disruption will cut capacity by 15-20% in second quarter

COPENHAGEN (Reuters) -The disruption to container shipping traffic in the Red Sea is increasing and is expected to reduce the industry's capacity between the Far East and Europe by some 15%-20% in the second quarter, shipping group 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. "The risk zone has expanded, and attacks are reaching further offshore," Maersk said in an updated advisory to customers on Monday.

Maersk says Red Sea disruption will cut capacity by 15-20% in Q2

Maersk says Red Sea disruption will cut capacity by 15-20% in Q2
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Red Sea Disruptions To Cut Shipping Capacity By 15-20% In Q2, Says Maersk - A P Moller Maersk (OTC:AMKBY)

Maersk, the world's largest container shipping company, has announced that the ongoing disruptions in the Red Sea will significantly impact the industry's capacity in the second quarter.

Maersk says Red Sea disruption will cut capacity by 15-20 per cent in second quarter

Maersk says Red Sea disruption will cut capacity by 15-20 per cent in second quarter
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