In Denmark, Maersk reports the global shipping industry will grapple with significant challenges in the next few months due to the ongoing disruptions in the Red Sea. Extended travel times and logistical bottlenecks across the world are due to several factors. First, congestion at key Asian ports is causing widespread delays and chokepoints, disrupting the entire logistics system. Second, ocean networks have been restructured, with vessels redeployed to different regions to address capacity demands. This reorganization has broadened the impact, affecting regions initially unaffected by the Red Sea disruptions.
Carriers are struggling with increased costs due to longer journeys and reduced capacity, which has led to higher container prices. The industry has redeployed all available ships, but capacity issues persist. As Vincent Clerc, CEO of Maersk, explained, “all ships that can sail and all ships that were previously not well utilized…have been redeployed to try to plug holes.”
Clerc continued, “We are going to have in the coming month missing positions or ships that are sailing that are significant 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.”
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Tags: Denmark, Maersk, Red Sea
Category: Sustainable Marine Fuels
