Transportation
Shipping CEOs See No Short-Term End to Red Sea Disruptions
- Maersk sees longer transit times ‘for a few months at least’
- DHL says container imbalances may start to appear in Asia
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The CEOs of two leading freight carriers said they expect Red Sea threats to disrupt shipping for weeks or months longer, extending delays and higher transport costs for companies dependent on goods flowing along trade lanes that link the world’s largest economies.
“For us, this will mean longer transit times and probably disruption of supply chains for a few months at least,” Vincent Clerc, the chief executive of A.P. Moller - Maersk A/S, said on a panel at the World Economic Forum in Davos on Wednesday.