Vessels head for Cape as ship blocking Suez Canal could be there for weeks
Shipbrokers report that oil traders are increasingly hiring tankers with ‘just-in-case’ options to sail around Africa should the blockage drag on
26 March 2021 - 11:07
Ships are beginning costly and time-consuming detours around Africa with the Suez Canal still blocked by a huge container vessel, as concerns mount that a complex rescue mission could extend into weeks.
The prospect of a longer-than-anticipated outage along what’s arguably the world’s most important maritime trade route threatens further turmoil in a shipping sector that’s already scrambling to keep maritime transportation for everything from finished goods to energy and commodities on track...
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