Suez Canal blockage adds further problems for global freight market

By IM Staff
Published: Wednesday, 24 March 2021

A major blockage of the Suez Canal by a large container ship, leading to a vessel traffic jam, is adding to disruption in the global bulk freight markets.

By Lee Allen

The Ever Given, a large container ship flagged in Panama and operated by Taiwanese firm Evergreen, was blown off-course by bad weather late on Tuesday March 23.

The vessel is still blocking traffic travelling in both directions in the southern part of the Suez Canal, just south...

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