Shipping giant Maersk is warning that container shipping through the Red Sea could continue to cause disruptions into the second half of the year
, with the company expecting shipping delays as vessels take the long way around the Cape of Good Hope instead of through the dangerous waters of the Red Sea. “Be prepared for the Red Sea situation to last into the second half of the year and build longer transit times into your supply chain planning, Maersk’s head of North America, Charles van der Steene, said in a Tuesday statement carried by Reuters.
“While global crude balances are getting longer seasonally in February and March, increased levels of Red Sea shipping diversions are keeping the market tight – as more oil is put on ships, leaving less available on land,” analysts at consultancy FGE wrote in a note on Friday. As much as 1.6 million barrels of crude oil per day are now being forced to take the long way around in order to avoid the Red Sea.
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