Maersk Lifts Guidance as Red Sea Disruption and Strong Demand Continue

Danish shipping company raises full-year guidance for the third time in as many months

A.P. Moeller-Maersk raised its full-year guidance for the third time in as many months as disruptions in the Red Sea and strong container shipping demand continue.

Container operators have been forced to send their vessels on longer routes around southern Africa's Cape of Good Hope to avoid the Red Sea after Houthi rebels began attacking commercial vessels at the end of last year, creating a shortage of vessels and port bottlenecks while...

Maersk CEO Comments On Continued Impact Of Red Sea Crisis

The Red Sea crisis is stretching into the third quarter of 2024, continuing to put a strain on container ships that are being forced to temporarily divert and take longer routes. 

Conflict in the area began in October 2023, and by December 2023 container ships in transit through the Red Sea/ Gulf of Aden were being attacked. Maersk was one of the shipping companies to experience an attack when its vessel, the Maersk Hangzhou, was hit by an unknown object while passing through the Bab al-Mandab Strait from...

Monthly Import Cargo Continues to Rise Despite Supply Chain Challenges

Monthly inbound cargo volume at the nation’s major container ports is continuing to rise despite a variety of supply chain challenges, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Lulls between supply chain challenges seldom last long, and importers are currently looking at issues including high shipping rates, unresolved port labor negotiations and continuing capacity and congestion issues from the ongoing disruptions in the Red Sea,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said...