★Suez Canal

Cargo ship stuck in Suez Canal is 400m-long, 16m-deep and not moving

The Taiwan-run, Panama-flagged vessel is blocking at least 100 ships in the narrow channel that divided continental Africa from the Sinai Peninsula in Northern Egypt.

Ranjith Raja, head of MENA oil & shipping at Refinitiv, said “we’ve never seen anything like this before”.

“It’s likely that resulting congestion will take several days to weeks to clear as it is expected to have a ripple effect on the other convoys, schedules and global markets.”


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