The chaos in the Red Sea affects the orders.

If the chaos in the Red Sea continues, shipping costs will increase and transportation times will be extended, which will more or less affect customers` willingness to place orders. The industry is paying close attention to the development of the situation and does not rule out entering into new order agreements with customers.

The Iranian-backed Houthi rebels in Yemen are wreaking havoc in the Red Sea, forcing ships to detour around the Cape of Good Hope in southern Africa, adding at least 10 days to the voyage for each trip and a sharp increase in fuel costs of US$1 million.