Suez Canal sees 66% traffic drop as Houthi attacks disrupt global shipping
Posted on September 16, 2024 |
A.P. Moller-Maersk warns of major global trade issues due to attacks by Houthi rebels in the Red Sea.
Ship traffic through the Suez Canal has dropped 66% as vessels are rerouted around Africa.
The disruptions are affecting global supply chains, raising freight rates, and causing congestion at key ports in Asia and Europe.
Reconfiguring shipping routes has led to infrastructure strain, delays, and shortages of equipment.
The impact affects not just trade between the Far East and Europe, but Maersk’s global network.
Despite these issues, container shipping demand remains high.
Maersk says it’s uncertain when normal operations will resume.
