Six days after blocking the Suez Canal, the 224,000-ton containership, Ever Given, is finally freed and moving north to an anchor point — making way for traffic to resume in this vital trade route.
More than 360 vessels are waiting to pass through the canal, causing a domino of global supply delays that could take weeks and possibly months to clear, according to top container shipping lines. While the impact is not yet known, delayed shipments could result in manufacturers waiting for parts, retailers not able to restock shelves, and lost opportunity for those sitting in the canal who planned to use their vessels for other cargo loads.
This comes as container shipping companies have been struggling for months due to COVID-19 disruptions and a surge in demand for retail goods that led to logistical bottlenecks around the world.
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