INSUBCONTINENT EXCLUSIVE:
AP Moller-Maersk A/S, a top container line, reports that maritime chaos in the Red Sea affecting 15 routes may persist for months.These
routes connect Asia, Europe, and the US East Coast to the Middle East
Over 150 tankers serving major ports like Singapore and Rotterdam face delayed arrivals.Some delays extend into March
This disruption forces vessels to reroute around the Cape of Good Hope, significantly increasing travel distances.Houthi attacks have made
the southern Red Sea risky for ships
These vessels carry various goods, including oil and gas.The US is actively trying to stop these attacks
Meanwhile, Houthi forces continue their assaults
canal shortens the Asia-Europe journey
Ships now avoid this quicker route, adding thousands of miles to their journey around Africa.Prolonged Turmoil in Red Sea Shipping
(Photo Internet reproduction)Since the week started, global carriers have redirected their ships
This move lengthens travel times for both merchant and energy vessels.As a result, tanker traffic through the Bab al-Mandab Strait has
plummeted.Recently, an Equinor ASA-chartered tanker made a significant detour
It turned 180 degrees in the Red Sea, heading back towards the Suez Canal.This rerouting occurs as the Panama Canal also faces threats
A severe drought has reduced its traffic, limiting water supply.Unprecedented Rise in Shipping CostsThe Panama Canal, like the Suez, is
crucial for global trade.Global carriers are experiencing rising freight costs due to necessary detours around the Suez and Panama
maritime crisis shows how regional conflicts can have widespread effects.They disrupt essential trade routes and have ripple effects across
As the situation unfolds, the world watches closely, hoping for a swift resolution.
