From Reuters, February 27:
Maersk has warned of disruptions to container shipping via the Red Sea dragging into the second half of the year and of heavy congestion and delays for U.S.-bound goods.
Major container shipping companies have switched away from the Red Sea and Suez Canal to the longer route around Africa's Cape of Good Hope following attacks on shipping by Houthi militants.
"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 statement on Tuesday....
....MUCH MORE