Maersk warns that attacks in the Red Sea are increasing

Container vessels have been rerouted around the southern tip of Africa since to avoid attacks by Iranian-backed Houthi militants in the Red Sea.

Red Sea disruption expected to reduce capacity between Far East and Europe by 15%-20% in Q2, Maersk says. The company last week said disruptions caused by Houthi militants' attacks on vessels in the Red Sea were expected to last at least until the end of the year.