• Backlogs from Suez stranding could take months to clear - shipping group Maersk

Market news

29 March 2021

Backlogs from Suez stranding could take months to clear - shipping group Maersk

Reuters reports that shipping group Maersk said that the stranding of a container ship in the Suez Canal has created disruptions in the global shipping industry that could take weeks and possibly months to clear.

“Even when the canal gets reopened, the ripple effects on global capacity and equipment are significant,” the world’s largest container shipping company said in an advisory statement for customers.

Maersk has three vessels stuck in the canal and another 29 waiting to enter, it said, adding that it had so far rerouted 15 vessels to sail south of Africa instead.

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