Suez Canal crisis: Expect freight rates to spike further, caution industry experts

March 30 , 2021

Source: Economictimes:

 

With the Suez Canal crisis at its peak, concerns are rife that a rescue mission may take much longer than anticipated. And now it is leading to another issue that is increasingly adding to exporter worry — escalation in shipping costs. 

The incident began on Tuesday morning, when the 400-metre container ship - Ever Given - weighing 200,000 metric tons got stranded in the Suez Canal and led to a massive traffic jam. 

 

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