By Mike Wackett (The Loadstar) – The knock-on effects of the blockage of the Suez Canal is likely to impact North Europe supply chains until June. Container hub ports that used the…
suez canal closure impact
Suez Ripples Raises Rates for All Containerships
By Mike Wackett (The Loadstar) – There are reports of “sharp increases” in Asia-Europe container spot rates this week, as the fallout from the week-long Suez Canal blockage restricts both vessel and…
Global Supply Lines Struggle to Clear Container Backlog After Suez Chaos
By Jonathan Saul and Timothy Aeppel LONDON/LOS ANGELES, April 8 (Reuters) – A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near…
Calm Before the Storm: European Ports Await Influx of Ships Impacted by Suez Blockage
By Mike Wackett (The Loadstar) – The main container ports in North Europe were eerily quiet at the weekend, due to the almost week-long blockage of the Suez Canal by the Ever Given….
Suez Canal Weighing Expanding Southern Channel, Chairman Says
By Nadeen Ebrahim and Patrick Werr ISMAILIA, Egypt, April 6 (Reuters) – The Suez Canal Authority is considering expanding the southern section of the waterway where the container ship Ever…
Suez Canal Says Ship Backlog Cleared
AIRO, April 3 (Reuters) – All ships stranded by the grounding of the giant container ship Ever Given in the Suez Canal in March had passed through the canal by…
Suez Canal Says it is Close to Clearing Ship Backlog
CAIRO, April 2 (Reuters) – The Suez Canal said on Friday it was close to clearing a backlog ofshipping that built up when a giant container ship was grounded in the…
Maersk Urges U.S. East Coast Ports to Use Suez Canal Delays to Clear Congestion
The world’s top shipping line Maersk is urging congested U.S. East Coast ports to use the Suez Canal delays to clear cargo from terminals. With shipping resumed through the Suez…
Fitch: Soaring Shipping Costs Add To Near-Term Global Inflationary Pressures
Supply chain bottlenecks in global shipping and semiconductor markets are adding to near-term pressures on inflation, says Fitch Ratings in a new report published Thursday. With global manufacturing demand is…
Suez Canal Urged to Upgrade Quickly to Avoid Future Disruption
By Jonathan Saul and Patrick Werr CAIRO, April 1 (Reuters) – Egypt’s Suez Canal must move quickly to upgrade its technical infrastructure if it is to avoid future shipping disruption, shipping industry sources said,…