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.
May 06, 2024
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