Global shipping group Hapag-Lloyd has suspended all tanker movements through the Strait of Hormuz, a critical maritime chokepoint that carries roughly one-fifth of the world’s oil and gas shipments.
Maersk, predicts prolonged disruption in Red Sea trade, potentially lasting several months.
Vincent Clerc, CEO of Maersk, the shipping industry leader, has issued a warning about potential long-term disruptions for ships navigating the Red Sea. This situation, sparked by a series of
Shipping giant Maersk will avoid the Red Sea “for the foreseeable future”
Maritime transportation leader Maersk has announced its decision to bypass the critical Red Sea route indefinitely, a decision that could potentially exacerbate the current deceleration in inflation rates.