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Maersk says capacity could drop up to 30 percent in coming weeks

The build-up of ships waiting at the just-reopened Suez Canal could trigger a capacity plunge of up to 30 percent in the comings weeks, says Maersk. Container lines and analysts project weeks and months of turmoil in the container sector.

Photo: -/AFP / SUEZ CANAL AUTHORITY

The blocking of the Suez Canal and the large build-up of ships outside of the canal will likely make capacity plunge by 20 to 30 percent in the coming weeks, says the world's largest container line Maersk on Tuesday.

Maersk confirms to ShippingWatch that capacity is expected to dive in the coming weeks, noting that it could take up to a week alone to send the many waiting ships through the recently reopened waterway that links the Red Sea to the Mediterranean.

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