News
01 / 04 / 2021
Suez Canal Blockage
A 1,300-foot container ship Ever Given blocked the Suez Canal since Mar 23, which has caused a backlog of nearly 200 vessels.
Shipping experts have warned that a resumption of traffic through the channel could be days, if not weeks, away.
Getting products between regions may require expensive airfreight or slower route around tip of Africa; delays seen for consumer and industrial goods.
Asian and European businesses, which rely heavily on the Suez Canal to move their products between the regions, are weighing contingency plans as efforts to move a ship blocking the canal drag out.