In Egypt More then 321 ships currently waiting to cross the SuezCanal
A giant container ship got stuck during a sandstorm in Egypt's Suez Canal
UPDATE :- There are 321 ships currently waiting to transit the SuezCanal, and 14 tugboats are operating to free the stranded ship, Chairman of the Suez Canal Authority said on Saturday
A giant container ship,got stuck during a sandstorm in Egypt's Suez Canal, causing a traffic jam of cargo ships through one of the world's busiest shipping lanes Tugboats and dredgers were working on Friday to free the giant container ship MVEverGiven which is blocking Egypt's SuezCanal for a fourth day, forcing companies to re-route services from the vital shipping lane around Africa
It’s created a traffic jam that has ensnared over 200 vessels and could take weeks to clear. of Friday, some 237 vessels, including oil tankers and dozens of container ships, were waiting to transit the canal, which handles about 12% of global trade. before the 224,000-ton Ever Given ran aground this week, supply chains were stretched to the limits. This blockage will delay shipments of consumer goods from Asia to Europe and North America, and agricultural products moving in the opposite direction The coronavirus pandemic wreaked havoc on global trade last year.
Following a slowdown in activity, in recent months there has been a rapid rebound in trade volumes, which has caught companies off guard. demand from household consumers for goods such as televisions, furniture and exercise bikes has stretched suppliers.
US seaborne imports were nearly 30% higher in February than the same month last year, according to SandP Global Panjiva
Companies globally have warned about the supply chain crunch.
Costco said earlier this month that it was having trouble stocking imported cheeses because of a shortage of shipping containers and bottlenecks.
Aston Chemicals, a UK company that supplies European manufacturers of personal care products, said its shipping costs were 6.5 times more expensive in January compared to November.