Houthi attacks cut Maersk's Q2 capacity by 15%-20%
- 2024-05-06
- 15:33:17
Breaking News
A.P. Moller-Maersk revealed on Monday that it expects Yemen's Houthi disruptions to container shipping traffic in the Red Sea to have resulted in a 15% to 20% decrease in the company's capacity in the second quarter of 2024.
"The knock-on effects of the situation have included bottlenecks and vessel bunching, as well as delays and equipment and capacity shortages. We estimate an industry-wide capacity loss of 15-20% on the Far East to North Europe and Mediterranean market during Q2," the Danish cargo giant added.
In the wake of recent Israeli airstrikes that killed senior Houthi officials in Yemen, including the group's Prime Minister Ahmed Ghaleb al-Rahawi,…
Sana'a – Israeli Defense Minister Israel Katz issued a stark warning on Friday, declaring that Yemen will face the same fate as Iran if Houth…
Sana’a –  The European Union has called for the immediate and unconditional release of all individuals subjected to enforced disap…
