Retailers and cargo firms warn of delays and cost increases caused by Red Sea attacks

Maersk, Ikea and Next have all said that there will be impacts caused by the attacks on cargo vessels

A cargo ship crossing the Suez Canal. Many companies temporarily removed the Red Sea from their itineraries after as Houthis in Yemen 'make life unbearable’ for ships belonging to or going there. Picture: Getty

Maersk, one of the largest shipping companies in the world, last week said it would continue to divert ships from the Red Sea area following attacks by Houthi rebels on cargo vessels in the area.

The tension in the area, which accounts for about 40 per cent of Asia-Europe trade, according to experts, has led to supply concerns and potential increases in costs.

Next, the clothing and home retailer, has already warned that difficulties with ...