15/12/2023
Global shipping is urgent! Suez, the Panama Canal "block" at the same time.
block! block! block!
The Suez Canal and the Panama Canal are the two most important shipping arteries in the world, undertaking more than half of the amount of trade in global trade. However, the current severe drought has caused the Panama Canal restrictions, and the intensified geopolitical conflict has forced ships to bypass the Suez Canal. A large amount of cargo transportation is facing delayed risks, and the freight has soared.
On December 9, Marco FORGIONE, director of the Institute of Import and Export, said that if the conflict near the Suez Canal further deteriorates, coupled with the restrictions of Panama, it will be a "catastrophic blow" for global shipping.
Since the beginning of this year, the drought continuously affecting the Panama Canal Reservoir system caused by the El Nino phenomenon has led to a decrease in the supply of fresh water required for the operation of the gate. The Panama Canal Administration has repeatedly reduced the number of single -day vessels. The ships of the Suez Canal also broke out due to the outbreak of Pakistani and Israel of Pakistan, and the risk of attacks has greatly increased. In order to ensure the safety of their crew, ships and goods, many ship transport companies have changed the ship's routes to avoid the Arabian Sea. And the Red Sea area.
