Thursday, May 26News That Matters
Shadow

Tag: blockage’

With ship now freed, a probe into Suez Canal blockage begins

With ship now freed, a probe into Suez Canal blockage begins

World
SUEZ, Egypt -- Experts boarded the massive container ship Tuesday that had blocked Egypt's vital Suez Canal and disrupted global trade for nearly a week, seeking answers to a single question that could have billions of dollars in legal repercussions: What went wrong?As convoys of ships again began traveling through the artery linking the Mediterranean and Red Seas, a canal service provider said more than 300 vessels carrying everything from crude oil to cattle were waiting for their turn, a process that will take days. Egyptian government officials, insurers, shippers and others similarly waited for more details about what caused the skyscraper-sized Ever Given to become wedged across the canal on March 23.When blame gets assigned, it will likely lead to years of litigation to recoup the c...
‘Our customers are worried about the Suez Canal blockage’

‘Our customers are worried about the Suez Canal blockage’

Business
Seaport Freight ServicesBritish businesses are getting worried as Egypt's Suez Canal continues to be blocked by a Taiwanese mega-container ship for the fourth day in a row. Seaport Freight Services, a shipping and freight-forwarding company based at the Port of Felixstowe, has 20 containers of goods stranded on the Ever Given. "We're waiting on food goods like coconut milk and syrups, some spare parts for motors, we've got some fork lift trucks, some Amazon goods on there, all sorts," Steve Parks, director of Seaport Freight Services, tells the BBC."All our customers are hearing about it, and they're phoning us to ask when it will be resolved."The 400m-long (1,312ft) ship Ever Given, operated by Taiwanese transport company Evergreen Marine, is one of the world's largest biggest container v...