Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Mar 26, 2021

Suez Canal Has Supported 2,335 Container Crossings Since November

Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here.

The Suez Canal waterway has supported 2,335 container ship crossings since November or 16 per day, according to vessel data analyzed by Bloomberg.

That's the most of any kind of vessel, with bulk carrier crossings second in the group at nearly 2,000. In total, there have been 7,735 major vessel crossings in the last five months.

The blockage of the Suez Canal is wreaking havoc on global seaborne trade as work to dislodge the Ever Given resumed this morning, Inchape Shipping Services said, with work to free the vessel expected to take until at least Wednesday of next week, according to people familiar with rescue efforts.

Along with the Panama Canal, the Suez is the narrowest of key seaborne transit points in the world, supporting supply lines and trade across the globe.

©2021 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search