Maersk, one of the world’s biggest container shipping groups,said on Friday (Mar 6) it has temporarily suspended two services linking the Middle East to Asia and Europe as the Iran conflict continues to disrupt global supply chains.
The Danish group said in a statement it would halt its FM1 service connecting the Far East to the Middle East and its ME11 service linking the Middle East to Europe.
“This decision has been taken as a precautionary measure to ensure the safety of our personnel and vessels while minimising operational disruption across our wider network,” Maersk said in an advisory to customers.
The crisis has left 147 container ships sheltering in the Gulf, triggering port congestion and freight rate increases that are rippling across global supply chains from Asia to Europe, according to freight analytics firm Xeneta.
- SBP receives $1.3 b under IMF’s EFF, RSF programs
- CCP Clears United Ethanol PCRCL Stake Deal
- Spotify Marks 20th Anniversary with “Spotify 20: Your Party of the Year(s)” – A Personalized In-App Experience Celebrating Fans’ Listening Journeys
- Al-Ghazi Tractors champions mechanization at the 19th Agri Asia Conference
- Media Has Key Role in Building Public Understanding of Power Sector, Says Awais Leghari
