STOCKHOLM (Reuters) – Denmark’s A.P. Moller-Maersk said on Wednesday that the disruptions to container shipping via the Red Sea had extended beyond trade routes in far Eastern Europe to its entire ocean network. Maersk and other shipping companies have diverted vessels around Africa’s Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi […]
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Disruptions to container shipping via Red Sea have expanded, Maersk says
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STOCKHOLM (Reuters) – Denmark’s A.P. Moller-Maersk said on Wednesday that the disruptions to container shipping via the Red Sea had extended beyond trade routes in far Eastern Europe to its entire ocean network.
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.
(Reporting by Louise Breusch Rasmussen, editing by Anna Ringstrom)