A.P. Moller-Maersk said in a report on Thursday that the impact of the Red Sea crisis on international shipping continues to intensify, citing "significant increases" in transit times and operational costs. Maersk also said data shows the number of ships crossing through the Suez Canal dropped by 66% since the Houthis started attacking shipping vessels.
Meanwhile, Maersk said global air freight demand rose by 13% in July compared to the same month in 2023. It noted air freight services are likely to increase in importance as demand grows and businesses that "ordered inventory to mitigate the impact of supply chain disruptions" start resupplying.
