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Multi billion-dollar Suez jam cleared

Multi billion-dollar Suez jam cleared

(ATF) The multi billion-dollar stockpile of cargo on ships backed up by the Suez blockage last week has been cleared.Egypt's Suez Canal Authority said Saturday that the jam of 225 ships caused when giant container vessel Ever Given became stuck in the channel had passed through.Traffic on the canal, a …

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Suez crisis in balance even after stuck ship is moved off canal bank

Suez crisis in balance even after stuck ship is moved off canal b

(ATF) The struggle to free a stricken mega-ship that has been blocking the Suez Canal for the best part of a week continued even after engineers said they’d partly refloated the giant container carrier.The major waterway was reportedly reopened Monday when the Ever Given was partially released from the canal’s …

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Suez reopens as stuck mega-ship is partially moved

Suez reopens as stuck mega-ship is partially moved

(ATF) The Suez Canal is open again after engineers managed to partially refloat the mega-ship that has been blocking it for the best part of a week.But analysts doubt the critical shortcut between Asia and Europe will ever fully recover its importance as a combination of changes to global supply …

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Grounded Suez Canal ship puts automotive industry at risk

Grounded Suez Canal ship puts automotive industry at risk

(ATF) The backlog of vessels and their cargoes immobilised by the grounding of the massive container ship Ever Given in the Suez Canal continues to grow, posing a deeper threat to global supply chains.According to data from consultancy Refinitiv, there are 206 ships waiting on either side of the canal …

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Container shortage crisis stacking pressure on China’s export recovery 

Container shortage crisis stacking pressure on China’s export recovery 

China's economic rebound from the coronavirus pandemic is being blunted by a global shortage of shipping containers.Cargo costs have soared to record highs hampering manufacturers struggling to meet global goods orders, as delays in containers returning to China due to the pandemic overseas have put the squeeze on export flows. …

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