A large container ship ran aground in Egypt's Suez Canal halting marine traffic through one of the busiest and most important waterways in the world.
"The impact of this disruption on the LNG market will be limited if the disruption is solved within a day or two. Only a handful of LNG cargoes were in the close vicinity of the Suez Canal when the incident started. At this stage, we don't expect major bottlenecks, unless the situation drags on," said Lucas Schmitt, principal analyst at Wood Mackenzie."So far in March 2021 a handful of cargoes have been transiting each day in both directions ," added Schmitt.
Nearly 19,000 ships passed through the canal during 2020, for an average of 51.5 per day, according to the Suez Canal Authority. The Ever Given ship, was sailing from China to Rotterdam when it ran aground.
Where can you go for fun in your city?
Doesn't need a analyst to come to that conclusion do you?
keep it there... pretend to work on it