Race to Dislodge Suez Blockage as Shipping Rates Surge, Vessels Divert Away

Home Community Industry News Race to Dislodge Suez Blockage as Shipping Rates Surge, Vessels Divert Away

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    Greensea Systems
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    The Suez Canal stepped up efforts on Friday to free a giant container ship blocking the vital trade waterway that has sent shipping rates for oil product tankers soaring and disrupted the global supply chains for everything from grains to baby clothes.

    Shipping rates for oil product tankers have nearly doubled after the 400 meter long Ever Given, almost as long as the Empire State Building is high, ran aground in the canal on Tuesday.

    Read more by visiting MarineLink.com

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