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.
Muscat – Thousands of Yemeni families are anxiously watching the ongoing prisoner exchange talks in Muscat, Oman, hoping for a breakthrough t…
RIYADH — China has reiterated its steadfast position in support of Yemen’s unity, sovereignty, and territorial integrity, underscoring…
The International Federation of Journalists (IFJ) announced that 111 journalists and media workers were killed across the globe in 2025, underscori…
