Oil, gas and mining

Suez Canal: Ramifications grow from container ship blockage



The Ever Given is causing ever-growing chaos in the Suez Canal. It is now going on four days since the massive container ship became stuck, cutting off one of the most important shipping routes in the world.

Friday’s maritime traffic on the Suez Canal has now grown to over 200 backlogged ships — 30 of which are oil tankers — ever since the major shipping passage was first blocked by a container vessel that ran aground earlier this week.

According to data firm Refinitiv, another 100 ships are en route to the waterway. The blockage, which could take weeks to clear up, is now concerning industry experts — with one saying the incident could have a ‘critical impact’ on global trade.

Eric Sorensen reports.

MORE: https://globalnews.ca/news/7722135/suez-canal-blockage-trade-impact/

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