Maersk expects 20% capacity loss on Asia-Europe route in second quarter due to Red Sea crisis

AP Moller-Maersk expects to see a reduction of up to 20% in vessel capacity between Asia and Europe during the second quarter of this year due to the Red Sea crisis.

Container lines have been diverting vessels around Africa’s Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, with the longer voyage times pushing freight rates higher.