Red Sea vessel diversions could extend into second half of 2024

Maersk suspended vessel transits of the Red Sea and Gulf of Aden in January after attacks on its vessels by Houthi rebels.

Charles van der Steene, our regional president for Maersk North America, stated to CNBC the other day, that the diversions from the Red Sea could last into Q2 and Q3 of this year.

Maersk has added vessel capacity to offset delays due to the longer transit around the Cape of Good Hope, but is advising clients to prepare for more uncertainty in global trade routes.