15-20% industry capacity reduction predicted for Far East to Europe shipping in Q2 by Maersk due to Red Sea disruptions and Houthi attacks.

Maersk, the world's largest container shipping firm, predicts a 15-20% reduction in industry capacity between the Far East and Europe in Q2 due to ongoing disruptions in the Red Sea caused by Iran-aligned Houthi militant attacks. This threatens to prolong shipping route diversions, causing longer voyage times, increased freight rates, and potential equipment and capacity shortages until the end of the year.