Sunk Billions: How the Suez Canal Blockade Affects World Trade

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The blockade of the Suez Canal is already a disaster for global supply chains. Now the oil price could also rise.

There are no favorable times for ship accidents on a major artery in world trade. But conversely, one can very well say that now is the worst time for such an event. “We are currently in a situation where the schedule reliability is below 40 percent, and there is also an extremely tense situation with containers,” says Harald Kostial, who is responsible for system management in air and sea freight at the logistics group Gebrüder Weiss.

Usually the punctuality of the transport ships is between 70 and …

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    Accessed on March 27, 2021 at 7:01 am on https://www.sn.at/wirtschaft/welt/versunkene-millionen-wie-sich-die-blockade-des-suezkanals-auf-den-welthandel-auswektiven-101617285    





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https://www.sn.at/wirtschaft/welt/versunkene-milliarden-wie-sich-die-blockade-des-suezkanals-auf-den-welthandel-auswirkt-101617285

Sunk Billions Suez Canal Blockade Affects World Trade

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