from the spot where it became wedged amid high winds on Mar 23.
The Ever Given's grounding across a southern section of the canal forced a halt to all traffic, leading to a build-up of 422 ships at either end of the canal and along its course. Though the build-up around the Suez Canal might be cleared in four to five days, it could take several months to deal with backlogs at ports, Jan Hoffmann, an UNCTAD expert on logistics, told a briefing.Shipping group Maersk has also said disruptions to international shipping could last for months.moves through the canal. The estimated value of the cargo that had been held up by its closure was US$89 billion, Hoffmann said.
"In light of all the talk about alternatives and things of that kind - no, this is a global facility for international trade.""We need to study it in the right way because the number of ships is large, including ships that waited for one day, ships that waited for two days, and ships that waited for three days or four days - not all of them will take the same percentages," he told a news conference late on Monday.
Singapore Latest News, Singapore Headlines
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