[After 61 Years It is Happening Again] Back in the 60s, the Suez Canal was blocked for as much as 8 years and the crews of the ships that ended stuck there, staged regattas, played football, and issued their postage stamps. How did it happen? In hot June 1967, due to the war between Israel and several Arab countries, Egyptian troops quickly blocked...
According to the Shangai Container Index, container Freight rate in 2021 surged by 250% TO 350% from Far East main ports to the Mediterranean when compared to 2019... Why? It's supply Vs Demand factor: Asia was the first hit, but the first continent to recuperate from the pandemic, which means that countries like china are working with full capacity to produce and export...
