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Maersk, a bellwether for global trade, suspends two key shipping services due to Iran war
CNBC· 2026-03-06 09:24
Group 1 - Maersk has temporarily suspended two services, FM1 and ME11, due to the ongoing Iran war disrupting global supply chains [2][3] - The FM1 service connects the Far East to the Middle East, while the ME11 service links the Middle East to Europe, with the suspension aimed at ensuring the safety of personnel and vessels [2] - The conflict has led to a significant halt in shipping traffic through the Strait of Hormuz, a critical maritime corridor for global oil and gas, affecting approximately 20% of global supply [3] Group 2 - The crisis has resulted in 147 container ships sheltering in the Persian Gulf, causing delays, port congestion, and increased freight rates across global markets [4]