Suez Canal crisis: Ever Given owner to use tides today in new plans to release stuck ship


Some ship operators have parked up in the opening of the Suez Canal in the hopes Ever Given will become unstuck in the next few days.

However, some captains have opted to switch their trade route, instead going around the Cape of Good Hope off the coast of Africa, for fears the ship will be stuck for some time to come.

As a result of the world-disrupting blockage, oil and natural gas prices have risen, but a number of economists believe the impact will be short-lived.

Capital Economics said on Friday: “While there may be a temporary boost to commodity prices as freight is disrupted and ships are forced to divert around Africa, we don’t foresee any long-lasting implications.

“Countries will source commodities from elsewhere or draw down stocks until the canal reopens.”



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