Maersk Profits From Broken Routes

CopenhagenMaersk raised profit guidance to $6.5 billion.

Shipping disruption inflates every importer’s freight bill, and the extra cost lands hardest outside Europe.

Houthi attacks forced ships around Africa, absorbing spare capacity even as a third of traffic returns through the Red Sea.

Chief executive Vincent Clerc wants states to fund ports and rail, the bottlenecks now driving rates.

Sources: Financial Times News