Chinese Bulker Grounds in Suez Canal Stopping Traffic for Four Hours
A Chinese bulker briefly disrupted traffic for the southbound convoy of the Suez Canal on April 2 after the vessel experienced a reported “technical failure.” While the incident only lasted four hours, it came just past the fifth anniversary of the Ever Given grounding, which blocked the canal for six days, and as analysts have emphasized the importance of the Suez Canal, with the Strait of Hormuz mostly closed. The bulker Xin Tai Yuan (75,413 dwt) was traveling in the...
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