Transportation
Shipping Bosses Warn Maritime Security in the Red Sea Getting Worse Not Better
- Maersk, Norden CEOs say there is no sign of improvement
- Mitsui OSK said this week that disruption could last a year
This article is for subscribers only.
Major shipping companies are warning that the security situation in the Red Sea is continuing to deteriorate, despite efforts by the west to limit attacks by Yemen’s Houthi rebels.
The bosses of A.P. Moller-Maersk A/S and D/S Norden A/S said on Thursday that they felt the threat level was continuing to escalate in the region. It comes after Japanese shipping giant Mitsui OSK Lines Ltd. said the disruption on the route could last for a year.