Maersk doesn’t see Red Sea traffic picking up before mid-2025

Shipping line Goliath Maersk doesn’t see Suez Canal traffic picking up before the middle of the year, it said in a statement accompanying its financials for 2024. The world’s second-largest shipping line sees the canal welcoming back vessels in a major way by the end of the year.

But there’s only so much you can predict in an unpredictable world—especially in the Middle East during a Trump presidency with the White House diverting from its alleged position in support of a two-state solution for ethnic cleansing and American colonial occupation of Gaza. Although the statement did not go into any specifics beyond briefly mentioning the “situation in the Red Sea,” it pointed to “considerable macroeconomic uncertainties” that could affect its outlook for 2025.