Edited By WION Video Desk
Published: May 07, 2024, 05:50 IST | Updated: May 07, 2024, 05:50 IST
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World Business Watch May 07, 2024, 05:50 IST
Maersk forecasts 20% capacity reduction in Asia-Europe shipping
A surge in attacks by Houthi militants in the red sea is wreaking havoc on global shipping. Major shipping companies like Maersk and Hapag-Lloyd have been forced to reroute vessels around Africa's cape of good hope, adding significant distance and cost to journeys.
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