Photo: Ane Mærsk arriving at Tanjung Pelepas PTP in Malaysia, February 2024.

Moller-Maersk, one of the world's leading shipping companies, anticipates continued disruptions in international trade until the culmination of 2024. Despite this, Maersk remains skeptical about the likelihood of a swift resolution to the Middle East crisis.

According to Maersk, the conflict in the Middle East and the Red Sea shows no signs of abating, necessitating alternative routes such as the one via the Cape of Good Hope, which entail increased time and financial expenditure compared to the Suez Canal route.

Recent data indicates that Houthi attacks are expanding to encompass the entirety of the Indian Ocean, posing threats to ships en route to Europe via the African bypass.

Source: Maersk, Press Releases, 2^nd May 2024