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Vincent Clerc, CEO of Danish shipping giant Maersk, informed his customers that he expects Iran-backed Houthi terrorism to continue disrupting Red Sea shipping into the third quarter of 2024, and perhaps beyond.
“In some regions like Europe governments need to understand the possibility that this will reignite inflation,” he warned. “The availability of additional capacity was low to begin with and, across the industry, carriers’ ability to bring in extra tonnage has been limited. At the same time, demand for container transport has remained strong,” he said.
“We are going to have in the coming month missing positions or ships that are sailing that are significantly different size from what we normally would have on that string, which will also imply reduced ability for us to carry all the demand that there is,” he cautioned.with his customers, saying Maersk knows the situation is “difficult for you” and “puts you under a lot of pressure.”
Other shipping companies and industry groups have urged the international community to end Houthi terrorism in the Red Sea, intensifying their calls after Houthi attacks began sinking ships instead of merely damaging them. “This is an unacceptable situation, and these attacks must stop now. We call for States with influence in the region to safeguard our innocent seafarers and for the swift de-escalation of the situation in the Red Sea. We have heard the condemnation and appreciate the words of support, but we urgently seek action to stop the unlawful attacks on these vital workers and this vital industry,” the statement said.
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