In March, the Evergreen, a freighter more than 400 meters long, accidentally got stuck in the middle of the Suez Canal, causing a blockage that took six days to clear and reopen to shipping. A month later, however, the matter is not over. On the one hand, the Egyptian Canal Authority is still negotiating with the owner of the Evergreen freighter over compensation for the damage caused by the week-long closure of the canal. Egypt is seeking $1 billion in compensation for the damage caused by the closure of the canal, but the Japanese shippers are refusing to ask for a discount.

Egypt said it was blocking the Evergreen until an investigation into the cause of the Stranding was completed and a compensation agreement was reached. The Evergreen is still at Great Bitter Lake.

its impact has not been completely eliminated.

"The blocking of ships in the Suez Canal has had a big impact on the shipping industry, and although it happened nearly a month ago, we will continue to feel the impact," Yan Ci, president of Maersk(China) Co Ltd, the world's largest container shipping giant, told reporters on the sidelines of the Boao Forum for Asia Annual Conference 2021.

First of all, the Suez Canal has been reopened for shipping, the destination port will suddenly become congested with so many ships arriving at the port at the same time.

It is difficult to move containers from the ports in time to where they are needed in China or elsewhere in Asia because of poor traffic.

In addition, Evergreen is currently studying how to move its 18,000 containers onto other ships and deliver them to customers in Europe. The long-term occupation of containers will also aggravate the shortage of containers in the shipping industry, resulting in another rise in shipping.

Based on the above port congestion and rising trend of shipping freight, we suggest you:

If there are undelivered orders, please ship as soon as possible; If there is an order to purchase, please purchase as soon as possible and ship at the earliest.

Tianjin Xinyue Steel Group--Your reliable steel pipe & fittings & insulation pipe supplier, we are always looking forward to your inquiry.

We have been working hard to serve every customer!

Xinyue people sincerely look forward to working with you!

Written by Sophia