Wednesday, March 31, 2021
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Stop in the Suez Canal: “Consumers may pay higher prices”


The ship that is stuck is so large that it blocks other traffic from reaching the canal. This has consequences for world trade, as thirty percent of the world’s container cargo passes through the Suez Canal. On Wednesday, the oil price rose as a consequence of the ship’s grounding.

– There are calculations that show losses of the equivalent of ten billion dollars per day, so there is a concern that consumers will have to pay in the form of higher prices later on, says Stina Blomgren, Middle East correspondent.

Risk of sausage stuffing

The ship, which weighs over 200,000 tonnes, can take weeks to unload, which will also create problems for the terminals that will receive the goods in Europe, says Fredrik Hermansson, CEO of Greencarrier and agent for the shipping company whose boat is now stuck.

– I see no problems with Swedish terminals and ports that do a fantastic job, but down on the continent there can be extremely severe disruptions in the future, where there will be sausage stuffing to handle the ships once they come loose.



Source site www.svt.se

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