![]() ![]() “Should that happen, some draw down on inventories will become necessary,” he said on Facebook. ![]() Singapore’s Minister of Transport Ong Ye Kung said the country’s port should expect disruptions. International companies are preparing for the effect that the canal’s blockage will have on supply chains that rely on precise deliveries of goods. We’re going to continue to monitor market conditions and we’ll respond appropriately if necessary, but it is something we’re watching closely.” does see “some potential impacts on energy markets from the role of the Suez Canal as a key bidirectional transit route for oil. More than 100 ships were still en route to the waterway, according to the data firm Refinitiv.Īpparently anticipating long delays, the owners of the stuck vessel diverted a sister ship, the Ever Greet, to head around Africa instead, according to satellite data.Īt the White House, press secretary Jen Psaki said the U.S. Such an arrangement is customary, but the ship’s captain retains ultimate authority over the vessel, according to experts.Ī maritime traffic jam grew to more than 200 vessels Friday outside the Suez Canal and some vessels began changing course. ![]() GAC, a global shipping and logistics company, had previously said the ship had experienced a power blackout, but it did not elaborate.īernhard Schulte said two canal pilots had been aboard when the ship got stuck. President Joe Biden told reporters.Īn initial investigation showed the vessel ran aground due to strong winds and ruled out mechanical or engine failure, the company said. “We have equipment and capacity that most countries don’t have and we’re seeing what we can do and what help we can be,” U.S. The White House said it has offered to help Egypt reopen the canal. The Suez Canal Authority has said it welcomed international assistance. ![]()
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