Suez Canal Racing to Clear Huge Backlog of Ships

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    Greensea Systems
    Keymaster
    Reuters

    By Nadeen Ebrahim

    ISMAILIA, Egypt March 30 (Reuters) – The Suez Canal expects 140 ships to pass on Tuesday after the freeing of a container ship stranded for nearly a week allowed it to reopen, but disruptions to global shipping and at ports could take months to resolve, experts warned.

    The blockage threw global supply chains into disarray, threatening costly delays for firms already wrestling with COVID-19 restrictions, and nearly doubled rates for oil product tankers.

    Read more by visiting gCaptain.

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