Monday, September 22, 2025
No Result
View All Result
patriotfinancial.net
  • Home
  • Mortgage
  • Real Estate
  • Financial
  • Stocks
  • Investing
  • Markets
  • Startups
  • Trading
  • Personal Finance
  • Home
  • Mortgage
  • Real Estate
  • Financial
  • Stocks
  • Investing
  • Markets
  • Startups
  • Trading
  • Personal Finance
No Result
View All Result
patriotfinancial.net
No Result
View All Result

Maersk says Red Sea disruption will cut capacity by 15-20% in second quarter By Reuters

May 6, 2024
in Financial
Reading Time: 1 min read
0 0
A A
0
Home Financial
Share on FacebookShare on Twitter

[ad_1]

COPENHAGEN (Reuters) -The disruption to container transport visitors within the Crimson Sea is rising and is predicted to cut back the trade’s capability between the Far East and Europe by some 15%-20% within the second quarter, transport group Maersk stated on Monday.

Maersk and different transport firms have diverted vessels round Africa’s Cape of Good Hope since December to keep away from assaults by Iran-aligned Houthi militants within the Crimson Sea, with the longer voyage instances pushing freight charges greater.

“The chance zone has expanded, and assaults are reaching additional offshore,” Maersk stated in an up to date advisory to prospects on Monday.

“This has pressured our vessels to elongate their journey additional, leading to extra time and prices to get your cargo to its vacation spot in the intervening time,” it added.

The Danish firm, considered as a barometer of world commerce, final week stated that transport disruptions attributable to the Crimson Sea assaults had been anticipated to final at the very least till the top of the 12 months.

The knock-on results included bottlenecks and so-called vessel bunching, the place a number of ships arrive at port on the similar time, in addition to tools and capability shortages.

“We’re doing what we are able to to spice up reliability, together with crusing quicker and including capability,” Maersk stated, including that it had to this point leased greater than 125,000 extra containers.

“We’ve got added capability, the place doable, consistent with our prospects’ wants,” the corporate stated.

[ad_2]

Source link

Tags: capacityCutDisruptionMaerskquarterRedReutersSea
Previous Post

TSMC: Solid HPC Revenue Partially Offset By Smartphone Seasonality (TSM)

Next Post

Sprout bankruptcy embroils PNC Bank, American Express

Related Posts

March CPI higher than expected, housing prices rise
Financial

March CPI higher than expected, housing prices rise

April 15, 2025
Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push
Financial

Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push

April 15, 2025
IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25
Financial

IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25

April 15, 2025
UniCredit gains German cartel office nod for Commerzbank stake hike
Financial

UniCredit gains German cartel office nod for Commerzbank stake hike

April 15, 2025
Dolly Khanna adds over 5 lakh shares in this smallcap stock, raises stake to 2.18%
Financial

Dolly Khanna adds over 5 lakh shares in this smallcap stock, raises stake to 2.18%

April 15, 2025
Japan’s population falls by half million as birth rate stays low
Financial

Japan’s population falls by half million as birth rate stays low

April 15, 2025
Next Post
Sprout bankruptcy embroils PNC Bank, American Express

Sprout bankruptcy embroils PNC Bank, American Express

Marico Q4 Results: Consolidated PAT rises 5% YoY to Rs 320 crore

Marico Q4 Results: Consolidated PAT rises 5% YoY to Rs 320 crore

Cerrado Gold receives second advance under secured loan from Hochschild subsidiary

Cerrado Gold receives second advance under secured loan from Hochschild subsidiary

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Activist Oasis suggests three steps to build shareholder value at embattled Kobayashi Pharmaceutical

Activist Oasis suggests three steps to build shareholder value at embattled Kobayashi Pharmaceutical

August 13, 2024
Azerbaijan’s SOCAR to buy Tamar stake from Aaron Frenkel

Azerbaijan’s SOCAR to buy Tamar stake from Aaron Frenkel

February 1, 2025
All 103 Baker Brothers Portfolio Stocks | Current 2023 Holdings

All 103 Baker Brothers Portfolio Stocks | Current 2023 Holdings

August 26, 2023
Value at Risk (VaR) Calculation: Formulas, Portfolio Tools, and Methods in Python and Excel

Value at Risk (VaR) Calculation: Formulas, Portfolio Tools, and Methods in Python and Excel

February 9, 2025
How Seattle’s economy is managing in this uncertain season

How Seattle’s economy is managing in this uncertain season

May 24, 2024
Renting vs. Buying a Home: 55 Pros and Cons

Renting vs. Buying a Home: 55 Pros and Cons

March 5, 2025
FHFA rolls out mortgage fraud tip line

FHFA rolls out mortgage fraud tip line

April 15, 2025
March CPI higher than expected, housing prices rise

March CPI higher than expected, housing prices rise

April 15, 2025
Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push

Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push

April 15, 2025
Just Listed | 5150 N Ocean Drive #1201

Just Listed | 5150 N Ocean Drive #1201

April 15, 2025
Former Tesla supply chain leaders create Atomic, an AI inventory solution | TechCrunch

Former Tesla supply chain leaders create Atomic, an AI inventory solution | TechCrunch

April 15, 2025
IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25

IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25

April 15, 2025

Get the latest news and follow the coverage of Mortgage and Real Estate, Financial. Stocks, Investing, Trading and more from the trusted sources.

CATEGORIES

  • Financial
  • Investing
  • Markets
  • Mortgage
  • Personal Finance
  • Real Estate
  • Startups
  • Stock Market
  • Trading
Please enable JavaScript in your browser to complete this form.
Loading

LATEST UPDATES

  • FHFA rolls out mortgage fraud tip line
  • March CPI higher than expected, housing prices rise
  • Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Terms and Conditions
  • Cookie Privacy Policy
  • Contact us

Copyright © 2023 patriotfinancial.net.
patriotfinancial.net is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Mortgage
  • Real Estate
  • Financial
  • Stocks
  • Investing
  • Markets
  • Startups
  • Trading
  • Personal Finance

Copyright © 2023 patriotfinancial.net.
patriotfinancial.net is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In