Extended Red Sea disruption returns Maersk to profit and delays overcapacity-led downturn
Port congestion and increased fleet utilisation as boxships reroute to avoid Houthi attacks boosts rates and offsets rising fleet growth
Maersk executives floated a possible return to slow steaming to offset higher fuel costs from rerouting around the Cape of Good Hope, as geopolitics cloud volume demand outlook of the remainder of 2024