Suez Chaos Will Take Months To Clear Says Maersk

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    by Nikolaj Skydsgaard (Reuters) – The stranding of a container ship in the Suez Canal has created disruptions in the global shipping industry that could take weeks and possibly months to clear, top container shipping lines said.

    Around 30% of the world’s shipping container volume – including goods like sofas, consumer electronics, apparel and shoes – moves through the 193 km (120 miles) Suez Canal daily. Empty containers, which Asian factories need to ship goods, are also caught up in the backlog.

    “Even when the canal gets reopened, the ripple effects on global capacity and equipment are significant,” the world’s largest container shipping company Maersk said in a customer advisory on Monday.

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