FT: Red Sea trade disruption could last until next year
Kyiv • UNN
Disruptions in global trade due to attacks by Houthi rebels in Yemen, which force ships to avoid the Red Sea and the Suez Canal, could last until next year.
Disruptions in world trade due to the inability of ships to use the Red Sea or the Suez Canal for transportation between Asia and Europe may last until next year. This was stated by the CEO of the world's second largest container group AP Møller-Maersk, the Financial Times reports, UNN writes.
Details
Vincent Klerk, CEO of Danish company AP Møller-Maersk, said there are no signs of tensions easing after attacks by Houthi rebels in Yemen forced container shipping companies to divert their vessels around the Cape of Good Hope, increasing the time and cost of transporting goods.
We see that the situation in the Red Sea will not be short-lived, but will last at least until the second half of the year... We are not very optimistic that we will be able to pass through Suez in the near future,
It is noted that the cost of container transportation - the backbone of global trade - has risen sharply since the start of the Houthi attacks in mid-November, and the increase in delivery times has caused supply chain problems for retailers and manufacturers.
The company said that traffic volumes in the first quarter of this year were higher than it had expected, which, combined with prolonged disruptions in the Red Sea, forced it to revise its financial forecasts for the current year. The company now expects its operating losses to be between zero and $2 billion, while it had previously forecast losses of $5 billion.
Recall
Tankers carrying Russian oil continue to sail through the Red Sea, with little or no interruption due to Houthi attacks on shipping, and face fewer risks than their competitors.
Tax Service major fell victim to oligarchic game - human rights activist about the case against acting deputy head of the State Tax Service Sokur
Updating military registration data through Administrative Service Centers: are ASCs ready
Current electricity restrictions may last until August - Prime Minister's advisor
Lost Profit of Ukrainian Enterprises from Russian Aggression: Kyiv Scientific Research Institute of Forensic Expertise explained how the evidence base for compensation is being formed
Attempt on the Prime Minister of Slovakia: xenophobia and the Russian trace
SBI investigates case of alleged obstruction of fuel supply to army by acting deputy head of the State Tax Service Sokur - OGP
The law on strengthening mobilization: what will change after May 18 for those liable for military service
MP: Cabinet of Ministers should dismiss acting Deputy Head of the State Tax Service Sokur from his post for the duration of the criminal case against him
Yasno explained the conditions under which emergency power restrictions for the population may be imposed again
MP Vasilevska-Smagliuk advises co-founder of Concord Bank to sue Hetmantsev
FT: Red Sea trade disruption could last until next year
Ukrainians continue to return from abroad before Easter: border guards give figures
Macron on the possible sending of troops in Ukraine: "To rule it out a priori is not to learn the lessons of the last two years"
Most attempts to illegally cross the border are recorded near Romania and Moldova - Demchenko
Occupants shelled three villages in Kharkiv region in the morning: there are wounded
MP Klochko was served a notice of suspicion of illegal enrichment of UAH 11 million
US military battalion to remain in Lithuania for an unlimited period
All checkpoints on the border with Poland are unblocked, about 200 trucks are waiting in line near Yahodyn - Demchenko
Time deposits in Ukrainian banks increased by almost a third - NBU
Instead of three hours without power, there will be five: scheduled hourly blackouts increased in Kharkiv region
Popular
Long-awaited GTA 6 has a release date
Partial blackout in Sevastopol after night UAV attack
Three enemy drones destroyed in Poltava region, no casualties or damage to infrastructure
Slovak Prime Minister Fico's condition remains serious. The medical council is to meet next week
May 17: Endangered Species Day, World Information Society Day
Publications
Attempt on the Prime Minister of Slovakia: xenophobia and the Russian trace
The law on strengthening mobilization: what will change after May 18 for those liable for military service
The Housing Capital case: where did the billions go?
Only debtors see the Russian footprint: how the label of cooperation with russia is used in business wars
Criminal case opened against acting deputy head of the State Tax Service Sokur for obstructing the supply of fuel to the army
FT: Red Sea trade disruption could last until next year
Disruptions in global trade due to attacks by Houthi rebels in Yemen, which force ships to avoid the Red Sea and the Suez Canal, could last until next year.
Ukrainians continue to return from abroad before Easter: border guards give figures
Passenger and vehicle traffic at the border has increased sharply over the past five days due to the Easter holidays, with a clear predominance of Ukrainian citizens entering Ukraine, accounting for 80-85% of total traffic.
Macron on the possible sending of troops in Ukraine: "To rule it out a priori is not to learn the lessons of the last two years"
Macron said that France does not rule out the deployment of ground troops in Ukraine if Russia continues its aggression.
Most attempts to illegally cross the border are recorded near Romania and Moldova - Demchenko
Most attempts to illegally cross the border are recorded on the border with Romania and Moldova, and since the beginning of martial law, more than 30 violators have died trying to illegally cross the border.
Occupants shelled three villages in Kharkiv region in the morning: there are wounded
In the morning, Russian troops shelled three villages in Kharkiv region, wounding two civilians.
MP Klochko was served a notice of suspicion of illegal enrichment of UAH 11 million
The current MP of Ukraine was served a notice of suspicion of illegal enrichment of UAH 11 million by purchasing assets worth UAH 25 million, although his official income is only UAH 14 million.
US military battalion to remain in Lithuania for an unlimited period
The American military battalion will remain in Lithuania indefinitely, and not until the end of 2025, as previously planned.
All checkpoints on the border with Poland are unblocked, about 200 trucks are waiting in line near Yahodyn - Demchenko
Currently, all checkpoints on the Ukrainian-Polish border are unblocked for truck traffic, with about 200 trucks waiting in line at the Yahodyn checkpoint, which, given its capacity, will be cleared within a day.
Time deposits in Ukrainian banks increased by almost a third - NBU
Time deposits in Ukrainian banks grew by almost 30%, with 97% of them being long-term deposits of more than 3 months, which provides resources for lending development.
Instead of three hours without power, there will be five: scheduled hourly blackouts increased in Kharkiv region
Due to emergency repairs in Ukraine's power grid, scheduled hourly power outages in Kharkiv region have been extended from three to five hours.