Shipping boss says ongoing Red Sea disruption could have 'significant consequences' for global growth
Publishing timestamp: 2024-01-11 10:35:01
Summary
The article discusses how ongoing disruption to trade flows through the Red Sea, caused by attacks from Houthi militants, could have significant consequences for global economic growth. Maersk and other shipping giants are diverting vessels away from the Red Sea, adding to journey times and driving up freight rates. The article also mentions delays in inland transportations in Germany due to strikes and a recent hijacking of an oil tanker near the Gulf of Oman. The World Bank has also warned of potential risks to global growth, including escalations of conflict in the Middle East or war in Ukraine.
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Keywords: economy, breaking news: economy, markets, business news, ap moeller - maersk a/s, breaking news: markets,