Ikea says products will be delayed due to Red Sea diversions
Publishing timestamp: 2023-12-21 11:41:34
Summary
Ikea warns of delays and availability constraints for certain products due to the diversion of shipping containers from the Red Sea over safety concerns caused by Houthi attacks. Other companies, such as Electrolux and shipping giants Maersk, Hapag-Lloyd, and CMA CGM, are also finding alternative routes and prioritizing deliveries. The diversion of ships around the Cape of Good Hope route can add significant transit time. Europe is expected to be most impacted by the delays due to its strong trade ties with Asia.
Sentiment: NEUTRAL
Tickers: MAERSK.B-DK, HLAG-DE,
Keywords: politics, breaking news: markets, hapag lloyd ag, breaking news: politics, business news, ap moeller - maersk a/s, markets, business,
Source: https://www.cnbc.com/2023/12/21/houthi-attacks-in-red-sea-ikea-warns-of-product-delays.html