Suez Pile-up Comes as Transits Climb, Vessels Get Heavier — Panjiva


Suez Pile-up Comes as Transits Climb, Vessels Get Heavier

Global 722 Mode - Containerized 1005 Mode - Seaborne 1273 Theme - Canals 87

Shipping through the Suez Canal has been disrupted by a sequence of vessel groundings and collisions started by a container-vessel. That highlights the physical disruption risks faced by the logistics industry. It follows a 4% increase in the number of shipments through the canal in the past 12 months on a year earlier to reach the highest since August 2010 in May. The scale of vessels is also rising with the average size of containerships having risen by 7% annually in the past three years.

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