Maersk Ship in Yantian Photo 230151645 © Mariusz Bugno Dreamstime.com
© Mariusz Bugno Dreamstime.com

A Red Sea crisis resolution could be far more dramatic for container lines than if their re-routings continue well into the year, senior Maersk executives have suggested.  

During yesterday’s earnings call, Maersk outlined how freight rates and industry capacity were expected to be affected if container ships were suddenly able to transit the Red Sea and Suez Canal this quarter, versus a full year of disruption. 

Chief financial officer Patrick Jany described Maersk’s guidance as “two extreme scenarios”, and admitted that ...

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  • Rajeev Kathuria

    February 18, 2024 at 10:05 am

    Since the Ocean Freight may soften, it would be Carrier to win the Loyalty of the customer must give the CASH BACK for the Surcharges which they levied during the Red Sea situation