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Suez Canal blockage impacts Oman Fisheries’ Q1 performance
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Ripple effects: Shipments bound for African, European markets delayed, cancelled or deferred during week-long canal mishap
The recent week-long blockage of the Suez Canal one of the world’s busiest trade routes resulted in the cancellation or deferment of a number of shipments of Oman Fisheries that weighed negatively on the company’s first quarter performance.
The publicly-listed company, which is partly owned by the Omani government, revealed in the Directors’ Report for the January March 2021 timeframe that the Suez Canal mishap was among a number of factors that impacted his performance for the quarter.