Suez Canal blockage is delaying an estimated $400 million an hour in goods…Dislodging Suez Canal ship ‘could take weeks’

Lloyd’s values the canal’s westbound traffic at roughly $5.1 billion a day, and eastbound traffic at around $4.5 billion a day. The blockage is further stressing an already strained supply chain, said Jon Gold, vice president of supply chain and customs policy for the National Retail Federation.

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Dislodging Suez Canal ship ‘could take weeks’

29 mins ago (12:50 GMT)
Fears of prolonged Suez Canal blockage drive oil prices higher
Oil prices rose sharply on Friday on mounting concerns that it could take weeks to dislodge a giant container ship blocking the Suez Canal, possibly squeezing supplies of crude and refined products.

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h/t Goneviral


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