What Effect Will the Suez Canal Ship Blockage Have on the Economy?
MTS Logistics
MARCH 26, 2021
We previously reported on the crisis unfolding in Egypt as the Suez Canal, one of the world’s leading shipping passages, has been blocked by the mega vessel Ever Given that has been stuck since earlier this week. Yesterday, it was announced by the salvage company involved in operations that the vessel may not be freed “for weeks.” With the situation already tenuous and affecting global commerce, a long-term blockage would affect the global economy even more.
Let's personalize your content