Maersk: Red Sea impact reduces Q2 capacity by 15%-20%

07 May 2024 CW Team

Maersk stated that the disruption to container shipping traffic in the Red Sea was worsening and was expected to decrease the industry's capacity between the Far East and Europe by approximately 15%-20% in the second quarter. Last week, the company, seen as a gauge of world trade, had mentioned that shipping disruptions caused by attacks on vessels in the Red Sea by Houthi militants are anticipated to persist at least until the year's end.

According to Maersk's advisory to customers, the risk zone had expanded, and attacks were extending further offshore. The company mentioned that this circumstance had compelled their vessels to extend their journey, resulting in additional time and costs to deliver cargo temporarily.

Maersk further explained that the repercussions of the situation included bottlenecks, vessel bunching, where multiple ships arrived at port simultaneously, and shortages of equipment and capacity. The company stated they were endeavouring to enhance reliability by sailing faster and increasing capacity. They also disclosed that they had leased over 125,000 additional containers thus far.

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..