Maersk sees global trade disruptions lasting throughout 2024

Quick Summary:

Global transport disruptions from the Red Sea conflict are expected to persist, according to A.P.Moller-Maersk.

The shipping company has revised its financial guidance upwards, driven by heightened freight rates as vessels avoid the Suez Canal.

The number of container ships passing the Suez Canal is down about 77% from a year ago, Bloomberg Intelligence estimates, after attacks by Houthis have made the key water route unsafe.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: India

Topics: Suez canal Shipping industry Global trade disruptions Freight rates Maersk

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 09:50:17 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 775 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 21894649

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 4 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #84

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