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© Rokas Tenys

Last week, Houthi chief Abdul Malik Al-Houthi said there would be a stepping-up of operations in the Red Sea; and yesterday Maersk Line noted that the Red Sea “risk zone” had expanded, with “attacks reaching further offshore”.

The Loadstar reported on Friday that Maersk’s revised peak season surcharge on Asia-NOrth Europe is set to triple from $250 per teu to $750 per teu from 11 May.

However, between 15% and 20% of capacity had been “lost” to the situation in the Red ...

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