Suez Canal Traffic Resumes Slowly as Some Ships Weigh Anchor, Others Wait

03/30/2021

|

Benoit Faucon | Stephen Kalin | WSJ

Ships were again moving slowly through the Suez Canal on Tuesday, hours after engineers freed the Ever Given and cleared the waterway for global traffic.

Shipowners, exporters and importers are now racing to secure berths and containers at ports, while warning of delays and higher costs for cargoes that are slowly starting to move toward their destinations again. Shipping lines sent many ships on alternative routes, including around the southern tip of Africa, delaying arrivals and adding costs. Port authorities are girding for a flood of arrivals as diverted ships and delayed Suez vessels arrive on top of regularly scheduled traffic.

The Ever Given, a 1,300-foot container ship, was wedged in the canal for most of a week until dredgers, powerful tugs and a favorable tide all helped to lift it free. The vessel was towed to an anchorage out of the way of canal traffic. Once the canal was clear, the first of several ships stuck in the waterway made its way to the Red Sea.

To read the full article from the Wall Street Journal, please click here