Business

Suez Canal blockage may affect some of Vietnamese businesses

The stranding of the 400m-long container ship Ever Given in the Suez Canal where over 10 percent of global cargo and 7 percent of the world’s oil are transshipped is raising concerns about affecting export activities of several Vietnamese enterprises, despite initial successes in the attempt to rescue this megaship.
Suez Canal blockage may affect some of Vietnamese businesses ảnh 1Ever Given refloating on March 29 (Photo: AFP/VNA)
Cairo (VNA) – The stranding of the 400m-long container ship EverGiven in the Suez Canal where over 10 percent of global cargo and 7 percent of theworld’s oil are transshipped is raising concerns about affecting  of several Vietnamese enterprises, despite initial successes in theattempt to rescue this megaship.

First Secretary of the Vietnamese Embassy in Egypt and headof the embassy’s Trade Office Nguyen Duy Hung said that there is currently noofficial statistics on the number of Vietnamese commodities exported to othercountries on ships waiting off the Suez Canal, as a number of shippingcompanies such as Maersk and CMS CGM decided to divert ships round Cape of GoodHope (South Africa) to Europe with the calculation of faster time.

The Vietnam Trade Office in Egypt recommended Vietnamese companiescoordinate closely with shipping companies to get updated on the transportcapacity, the time of docking and goods loading as well as their insuranceagainst delays or possible damage of goods, especially aquatic products.

Businesses also need to work with importers to addresspossible problems related to slow delivery to avoid any trade disputes.For support, affected businesses should soon contact with the Vietnam Trade Office.

The 200,000-tonne MV Ever Given veered off course in theSuez Canal on March 23. The incident causes global economic losses of up to 9billion USD each day, worsening the supply chain which is seriously affected bythe COVID-19 pandemic.

The course of the ship has been corrected by 80 percent withthe stern of the ship currently 102m from the shore, instead of 4m.

According to the Suez Canal Authority, the number of shipsjammed is over 350 and it takes at least 3-6 days to circulate all of theabove./.
VNA
#Ever Given #Suez Canal #stranding #export activities #Nguyen Duy Hung #Trade Office #Vietnam #Vietnamplus #Vietnam News Agency
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