The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s of London, its chairman said on Wednesday, reports Claims Journal.
Trade blockThe Ever Given container ship blocked the crucial trade route for nearly a week before it was successfully refloated on Monday. More than 400 vessels had been forced to wait on either side of the canal during the blockage.
Lloyd’s chairman Bruce Carnegie-Brown told Reuters the crisis could mean a loss for Lloyd’s of around $100...
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