April 05 , 2021
Shippers are braced for massive congestion in key European ports and gateways following the reopening of the Suez Canal, adding to the delays that the coronavirus has already caused for trade between Asia and the West.
Hundreds of container ships were left waiting when the Ever Given ran aground and blocked the key trade route for six days. The 400-meter long ship became stuck on March 23 on its way to Rotterdam from Malaysia s Tanjung Pelapas. The ship was eventually freed by a flotilla of tugboats on March 29, allowing passage to resume.
Those bound for Europe are now set to arrive all at once this week, to be followed several days later by vessels that avoided the Suez logjam by sailing around Africa s Cape of Good Hope, Nikkei Asia reported.
Disruption in global cargo movements hit retail sales
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Air cargo and container ship restrictions impacting delivery of goods
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