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.
Iran has ordered its military personnel to leave Yemen amidst the ongoing US bombing campaign in the country, The Telegraph reported on April 3. Th…
Tensions between the United States and Iran have reached a boiling point as President Trump escalates rhetoric over Iran's nuclear program. In resp…
The Iraqi government has pledged to restrict the activities of Yemen’s Houthi-aligned government within its borders, confining their operatio…
