Maersk, a major global shipping company, announces extra charges on container transport from Asia as it reroutes ships away from the Suez Canal due to multiple attacks in the southern Red Sea and Gulf of Aden. Opting for the longer journey around Africa via the Cape of Good Hope, Maersk cites "severe operational disruption" as the reason for the decision. The additional payments include an immediate Transit Disruption Surcharge (TDS) and a Peak Season Surcharge (PSS) starting from January 1. For a standard 20-foot container from China to Northern Europe, an extra charge of $700 is imposed. Germany's Hapag-Lloyd and Hong Kong's OOCL also announce their avoidance of the Red Sea, reflecting the wider impact of disruptions on global trade.

SOURCE:GOOGLE