Maersk CEO Vincent Clerc said on Wednesday the disruption to global shipping caused by the attacks on vessels in the Red Sea will probably last at least a few months.
Staying clear
Maersk and other large shipping lines have instructed hundreds of commercial vessels to stay clear of the Red Sea, sending vessels on the longer route around Africa in response to attacks on shipping by Iranian-backed Houthi militants.
“This is extremely disruptive because you have close to 20% of global trade that transits through the Bab al-Mandab Strait. It’s one of the most important arteries of global trade and global supply chains and it’s clogged up right now,” said Clerc.
Traffic in red sea
A U.S.-led coalition was established last month to safeguard commercial traffic in the Red Sea.
The U.S. and Britain last week began air strikes against Houthi military targets in Yemen in retaliation for attacks on shipping by the Houthis. The U.S. military carried out further strikes this week.
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Source : Reuters
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