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The latest Suez crisis and the economic fallout
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Container Shippers Win Big on the Suez Canal Blockage
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by Tyler Durden
Thursday, Apr 01, 2021 - 10:40 PM
The Suez Canal Authority (SCA) is working overtime to clear the massive logjam of vessels at either end of the canal.
Chairman of the SCA Osama Rabie told Egypt Today that the canal is being upgraded so as many as 95 vessels per day can transit, a 90% increase from the average flow of 50 ships per day.
Inchcape Shipping Services, a maritime services provider, reported Thursday morning as many as 324 vessels were waiting to transit the canal. There were 151 vessels north of Suez, and 173 south of Suez. By the day, ships continue to arrive at the canal, and the reasoning behind SCA s capacity increase is to ensure a logjam of vessels does not persist.
April 1, 2021
Many journalists and Twitteratis around the world might be having withdrawal symptoms after the Ever Given has been refloated from being stuck diagonally across the Suez Canal..
Although the vessel was stuck for only 6 days, I think this has been the most amount of media coverage that the shipping and freight industry has received in a very long time with many mainstream media reporting about it and world leaders speaking about it..
And now that the â
boatâ that was stuck in a â
canalâ has been refloated and all “
Issuez have been resolved“, let us see what’s next for the Ever Given and the shipping and freight industry..
HMM Nuri slated to transit Suez Canal on maiden voyage
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