Red Sea shipping recovery timeframe remains unclear — newspaper

Business & Economy January 11, 15:42

There are "no winners" in a situation where vessels have to take long and costly voyages around South Africa, Vincent Clerc noted

LONDON, January 11. /TASS/. Restoring shipping traffic across the Red Sea may take months, The Financial Times newspaper reports, citing AP Moller-Maersk CEO Vincent Clerc.

"It’s unclear to us if we are talking about re-establishing safe passage into the Red Sea in a matter of days, weeks or months·," the chief executive said, quoted by the news outlet. "It could potentially have quite significant consequences on global growth," he added.

There are "no winners" in a situation where vessels have to take long and costly voyages around South Africa, Clerc added.

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