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Maersk CEO: Red Sea Disruptions Now Impact Entire Ocean Network, Global Trade
Jul 17, 2024, 06:11 AM
Denmark's A.P. Moller-Maersk announced on Wednesday that disruptions to container shipping via the Red Sea have expanded beyond the Far East-Europe routes to affect its entire ocean network. Maersk CEO stated that there are multiple reasons behind the domino impact, including congestion across key ports in Asia, causing delays and bottlenecks. This extension of disruptions is expected to have significant impacts on global trade routes and supply chains.
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