Shipping traffic through the Red Sea has “plummeted” as Houthi militants step up their attacks on vessels in the region.
American-led airstrikes have done little to deter the disruption and now the CEO of one of the biggest shipping companies in the world says the disruption will probably last at least a few months.
“So for us, this will mean longer transit times and probably disruptions of the supply chain for a few months at least — hopefully shorter, but it could also be longer because it’s so unpredictable how this situation is actually developing,” said Maersk CEO Vincent Clerc, speaking to the Reuters
