Suez Canal remains blocked, stiff freight rate hikes expected
Published: Friday, 26 March 2021
Global freight markets have been plunged into further chaos this week with the continuing blockage of the Suez Canal now accompanied by rumors of fresh freight rate hikes around the world, sources told Fastmarkets.
By Lee Allen
Transit through the pivotal Suez Canal shipping lane has
been blocked by the large containership Ever Given since late
on Tuesday March 23, creating a traffic jam of more than 100
As of 6pm Beijing time on March 25, the ship remained
aground and wedged in...