Sea freight: what are the impacts of the Suez Canal blocking?
This exceptional incident created a panic wind for all international traders: more than 400 ships were trapped at the ends and middle of the Suez Canal, One of the world's busiest shipping routes.
About 10% of world trade borrows this passage linking the Red Sea to the Mediterranean Sea,and every day of delay costs between 6 and 10 billion USD.
In the face of the blockade, several large shipowners decided to take the route from the Cape of Good Hope in southern Africa, adding 9,000 km and no less than 10 days of transit time to the route.
The global shipping market, already heavily impacted since the health crisis with the shortage of containers (cf.Shipping freight: container shortage in China), the congestion of some large ports and high freight rates, took another blow with this incident.
Every effort has been made to unblock the stranded sea giant as quickly as possible, butIt will take several weeks for shipowners' lines to catch up with the cumulative delay. and regain normal functioning.
To find out if your goods are affected, most shipping companies keep the list of delayed ships on their website and regularly review the situation: do not hesitate to contact our service International transportation, logistics and distribution for up-to-date operational information.
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