Suez Canal blockage adds further problems for global freight market

A major blockage of the Suez Canal by a large container ship, leading to a vessel traffic jam, is adding to disruption in the global bulk freight markets.

The Ever Given, a large container ship flagged in Panama and operated by Taiwanese firm Evergreen, was blown off-course by bad weather late on Tuesday March 23.
The vessel is still blocking traffic travelling in both directions in the southern part of the Suez Canal, just south of the Suez district of Ma'diyah as of 3.50pm Beijing time on Wednesday.

Five Egyptian tugboats surround the huge...

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