Suez Canal Traffic Briefly Stopped as Oil Tanker Loses Power

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    By Jack Wittels and Salma El Wardany (Bloomberg) —

    Traffic through Egypt’s Suez Canal was briefly halted on Tuesday, just two weeks after a giant container ship ran aground and blocked the waterway that’s vital for global trade.

    The oil tanker Rumford needed to be towed by tug boats after experiencing engine problems, but was soon operational and the northbound convoy it was in was moving normally again, according to the Suez Canal Authority and Inchcape Shipping Services.

    Read more by visiting gCaptain.

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