Will the ‘Suez Canal Block’ Put A Dry Spell on Global Trade?

• Freight, demurrage costs to rise
• Voyages via Cape unlikely
• Port congestion looming

A giant ship could be stuck in the Suez Canal for days, blocking one of the world’s busiest maritime trade routes that’s vital for the movement of everything from oil to consumer goods, reports Bloomberg.

The Ever Given, a container ship longer than the Eiffel Tower, ran aground in the southern part of the canal in Egypt, leaving dozens of vessels gridlocked as they attempt to transit...

https://mfame.guru/will-the-suez-canal-block-put-a-dry-spell-on-global-trade/