While a gradual opening of one of the world’s busiest transport bottlenecks bodes well for shipping companies, it’s set to pressure profit margins in the industry amid an oversupply of vessels.
(Jan 15): AP Moller-Maersk A/S will return to sailing regularly through the Suez canal this month as the security situation improves in the Middle East.
The voyage marks another step toward normalisation of global supply lines, after Yemen-based Houthis in 2023 began attacking vessels, forcing shipowners to sail south of Africa.
