Zvi Schreiber, CEO of Freightos, comments on the “Claman Countdown” on dealing with the attacks on the Red Sea and rerouting some ships.
Shipping giant Maersk said on Tuesday it would suspend operations in the Red Sea “until further notice” following another attack by Iran-backed Houthi rebels in Yemen over the weekend.
“We have decided to suspend all transits through the Red Sea/Gulf of Aden until further notice,” the Danish company said in a statement to customers. “In cases where it makes the most sense for our customers, ships will be rerouted and continue their journey around the Cape of Good Hope.”
Huge gantry cranes and unloading freighters in Haifa container port, Israel. (Planet One Images/UCG/Universal Images Group via Getty Images / Getty Images)
Maersk said last week it was ready to allow ships to resume sailing through the Red Sea, thanks to the start of a U.S.-led international naval operation to protect ships from attacks by Houthi rebels.
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In retaliation for Israel's attack on the Hamas-ruled Gaza Strip, Yemen-based Houthi rebels have been attacking merchant ships in the Red Sea for months. The attacks have caused significant disruption to shipping as many companies paused or rerouted their shipments around the Cape of Good Hope, causing additional costs and delays.
Maersk suspended all Red Sea sailings for 48 hours, announced after another attack on Saturday. On Monday, the company said it would resume deliveries after the pause ended, but has since made a U-turn.
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“We remain committed to minimizing the impact on our customers’ supply chains and will continue to keep you updated on the situation,” the company said.
Fox News has reached out to Maersk for updates.