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Maersk to continue to avoid Red Sea for the foreseeable future as the Houthi attacks continue and expand
Maersk says the risk area from Houthi attacks has expanded further offshore lengthening the rerouted voyages and increasing costs.Photo: Maersk
Dr.G.R.Balakrishnan May 07 2024 Shipping News

Maersk to continue to avoid Red Sea for the foreseeable future as the Houthi attacks continue and expand

In an update to customers Maersk said :“To safeguard our crew, vessels, and your cargo, we are rerouting around the Cape of Good Hope for the foreseeable future. However, the risk zone has expanded, and attacks are reaching further offshore,” Maersk said.

“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,” Maersk said.

Given the shortage of equipment the company has so far leased an additional 125,000 containers. The threat must be taken seriously because of Houthi‘s weapons range.

Of the top tier lines only CMA CGM is transiting the Red Sea on selected voyages where it assesses the risk on a vessel-by-vessel basis. The French line has made four Red Sea transits since the beginning of April according to Linerlytica.