Trade

Suez canal crisis may cause weeks of delays, higher freight costs for Asia-EU seafood shipments

The blockage of the vital waterway comes on top of an already stretched container supply and freight rates that are already close to record levels.

The head of the Suez Canal Authority, Lt. Gen Ossama Rabei, with the Evergreen containership Ever Given, owned by Shoei Kisen, in the distance. The vessel ran aground in the Suez Canal March 23.
The head of the Suez Canal Authority, Lt. Gen Ossama Rabei, with the Evergreen containership Ever Given, owned by Shoei Kisen, in the distance. The vessel ran aground in the Suez Canal March 23.Foto: Suez Canal Authority
ShippingLogisticsChinaEuropeAsia
Published 26 March 2021, 17:40Updated 26 March 2021, 17:56