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ATTACKS by Yemen's Houthi forces on ships in the Red Sea are disrupting maritime trade through the Suez Canal, prompting some vessels to reroute via the much longer east-west route around the southern tip of Africa, reports Reuters.
Maersk stated the risk zone has expanded, and attacks are reaching further offshore.
It has forced Maersk vessels to lengthen their journey, resulting in additional time and costs to get your cargo to its destination for the time being.
Maersk's fuel costs on the affected routes between Asia and Europe are now 40 per cent higher per journey.
Germany's Hapag-Lloyd, which has expressed optimism that the crisis can be resolved before the end of 2024, is also rerouting vessels.
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