Control the supply chains and control it all

Supply Chain Under Threat As Major Shipping Company Halts Critical Route Travel

(Town Hall) Major shipping company Maersk has halted all cargo ship travel through the Red Sea as Iranian backed Houthi terrorists continue their assault in the region.

"Container shipping giant A.P. Moller-Maersk A/S instructed its vessels heading for the southern entrance of the Red Sea to pause their voyages after one of its carriers came under attack. The move threatens to undermine the global economic recovery and adds to pressure on the US to improve security along one of the world’s most important trade routes," Bloomberg reports. "Disruptions in the area can snarl supply chains and world trade. Back in 2021, the grounding of the Ever Given blocked the Suez Canal for almost a week, throwing ships off schedule for months and tightening the available of cargo space. That accident was estimated to have cut capacity by 20% to 30% for several weeks." — More…

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