DANISH shipping giant maersk anticipates sustained strong demand for global shipping in the near future, although it plans to avoid using the Suez Canal until at least 2025 due to security concerns linked to Red Sea attacks, reports Athen's Safety4Sea, citing Reuters.
The company's decision follows repeated assaults on vessels by Houthi militants, which have significantly disrupted this essential trade route, forcing prolonged re-routing of shipments.
'There are no signs of de-escalation, and it is not safe for our vessels or personnel to go there. Our expectation at this point is that it will last well into 2025,' stated CEO Vincent Clerc.
According to Reuters, despite these challenges, Maersk reported strong third-quarter demand, especially fuelled by exports from China and Southeast Asia, with stable volumes from Europe and North America.
'Management was bullish about the near future and highlighted good demand for container freight,' Sydbank analyst Mikkel Emil Jensen told Reuters.
Furthermore, Reuters informs that Mr Clerc dismissed concerns that the upcoming US election or potential trade tariffs would negatively impact the freight market.
SeaNews Turkey
The company's decision follows repeated assaults on vessels by Houthi militants, which have significantly disrupted this essential trade route, forcing prolonged re-routing of shipments.
'There are no signs of de-escalation, and it is not safe for our vessels or personnel to go there. Our expectation at this point is that it will last well into 2025,' stated CEO Vincent Clerc.
According to Reuters, despite these challenges, Maersk reported strong third-quarter demand, especially fuelled by exports from China and Southeast Asia, with stable volumes from Europe and North America.
'Management was bullish about the near future and highlighted good demand for container freight,' Sydbank analyst Mikkel Emil Jensen told Reuters.
Furthermore, Reuters informs that Mr Clerc dismissed concerns that the upcoming US election or potential trade tariffs would negatively impact the freight market.
SeaNews Turkey
