Red Sea disruptions to continue into Q3 for shipping companies
PORTS & SHIPPING

Red Sea disruptions to continue into Q3 for shipping companies

The coming months will be challenging for carriers and businesses as disruptions to container shipping via the Red Sea persist into the third quarter, Danish shipping company Maersk stated. Maersk and other shipping companies have rerouted vessels around Africa's Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, resulting in longer voyage times and increased freight rates. Maersk noted that the on-going detours are causing higher costs that could become more entrenched the longer the situation continues. "We don't know yet exactly how much of these costs we will recover and for how long. The higher rates we are seeing right now are of a temporary nature," Vincent Clerc, CEO said during a recent online event with customers. (Source: ET)

The coming months will be challenging for carriers and businesses as disruptions to container shipping via the Red Sea persist into the third quarter, Danish shipping company Maersk stated. Maersk and other shipping companies have rerouted vessels around Africa's Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, resulting in longer voyage times and increased freight rates. Maersk noted that the on-going detours are causing higher costs that could become more entrenched the longer the situation continues. We don't know yet exactly how much of these costs we will recover and for how long. The higher rates we are seeing right now are of a temporary nature, Vincent Clerc, CEO said during a recent online event with customers. (Source: ET)

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?