Maersk sees no Suez Canal return until 'well into 2025' due to Red Sea threat

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Maersk reported strong third-quarter demand, especially from China and Southeast Asia, and expects no slowdown in European or North American volumes.

Stocks in news: Tata Investment, Narayana Hrudalaya, Hero MotoCorp, Bharti Airtel, Alembic PharmaEarthquake of magnitude 4.

Our expectation at this point is that it will last well into 2025," Chief Executive Vincent Clerc told journalists.

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Article Details

Author / Journalist: Reuters

Category: Business

Markets: IndiaChina

Topics: Red Sea Houthi militants Shipping demand Maersk Suez canal

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 10:00:09 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 432 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © Economic Times

News ID: 23361264

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 6 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 7 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #84

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