Backlog of queued ships cleared at Suez Canal

BusinessBacklog of queued ships cleared at Suez Canal

Date:

Backlog of queued ships cleared at Suez Canal

A backlog of hundreds of ships have finally passed through Egypt’s Suez Canal days after a grounded 200,000-pound container was freed from the shoreline, local officials said Saturday.

The Suez Canal Authority said some 85 ships were expected to pass through the canal in both directions Saturday, including the last 61 that had been waiting for the Ever Given, which was dislodged Monday.

“All waiting ships crossed the shipping course today,” Lt. Gen. Osama Rabie, chairman of the SCA, said.

About 422 ships queued up, waiting to pass through the vital waterway after the Panama-flagged Ever Given got jammed up diagonally across the southern part of the canal during a sandstorm on March 23.

The disruption to the world’s supply chain may take months to resolve, experts predict.

With the blockage, some ships were forced to take an alternate route around the Cape of Good Hope, an additional 3,100 miles. The Suez Canal is the shortest shipping route between Asia and Europe and connects the Mediterranean and Red seas.

Share post:

Subscribe

Popular

More like this
Related

How to Choose Your First Mutual Fund: A Beginner’s Guide

Choosing your first mutual fund can feel overwhelming. There...

PM Modi Calls NEET Paper Leak a “Grave Sin”, Says 13 Accused Have Been Arrested

Prime Minister Narendra Modi said the government acted quickly...

What Is Asset Allocation? A Beginner’s Guide to Building a Balanced Portfolio

One of the biggest mistakes many new investors make...