The recent blockage of the Suez Canal has drawn the world’s attention to major trade routes and highlighted the severe impact disruptions of maritime trade can have on the world economy. With an average of 51 ships passing though the Suez Canal daily, it is estimated that the blockage will cost consumers a staggering USD$9 …
The post The Contractual Consequences Of The Suez Canal Blockage On Charterers And Shipowners first appeared on Hellenic Shipping News Worldwide.