East African exporters face losses as shippers ground vessels

Cargo containers at the Mombasa Port on January 29, 2025

Photo credit: Kevin Odit | Nation Media Group

Major shipping lines serving Eastern Africa have announced a disruption in the supply of commodities following the ongoing war between Israel-US and Iran, noting that it has introduced risk-related costs in their operations.

In their advisories, Maersk, CMA CGM, and MSC announced that they are suspending all bookings for cargo to the Middle East. Vessels already in the affected areas have been grounded.