AP Moller-Maersk’s calls for international governments to beef up security in the Red Sea have proved “unsuccessful”, says CEO Vincent Clerc.

He said businesses around the world can help by ensuring their governments understand they are being crippled by increased costs.

“In some regions like Europe, governments need to understand the possibility that this will reignite inflation,” Maersk said in a statement, citing comments made by Clerc at a recent online event with customers.