Maersk says ships along Red Sea would be diverted to route around southern Africa as soon as possible

SHIPPING — Denmark's Maersk, one of many firms that has suspended travel along the Red Sea, confirmed on Tuesday that ships currently being held would be diverted to the Cape of Good Hope route around southern Africa as soon as possible. The decision is due to security concerns amid a wave of drone attacks by Houthi militants. The situation is set to disrupt global supply chains and drive up freight rates... cnbc.com