Suez Canal Reopening Triggers Rush On Ports Around The World

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Suez Canal Reopening Triggers Rush On Ports Around The World
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The Race Is On. Suez Canal Reopening Triggers Rush on Ports Around The World

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Suez Canal Reopening: The Next Phase Of The Crisis

The prospect of resumed passage through the Suez Canal has the maritime cargo industry bracing for the next phase of the crisis – a race to ports around the world. Data from supply chain visibility company project44 indicates that consumer goods will be delayed as the canal incident creates worsening congestion at ports.

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project44 has published cargo data and route information that highlights where the post-Suez competition for docking capacity will be the most intense. Ports including Jeddah, Rotterdam, and Singapore are likely to be overwhelmed.

Vessel data released by project44 details the retail value of the cargo stuck in transit, currently at over $83 billion.

With reroutes further complicating scheduling, boats currently making their way around Africa will soon join the competition for limited discharging capacity at ports where supply chain breakdowns will take place in the weeks ahead.

Apparel, sports equipment, automotive, and consumer electronics are all on track for disruption.

“Just because your cargo is moving again doesn’t mean you can breathe easy,” said [insert name]. “understanding and monitoring port congestion over the next few weeks will inform us about how large the shockwaves from this incident are going to be. As this saga unfolds, it will take on increasingly global proportions.”

Please find attached the latest reports from project44 detailing impending port congestion, and other data cited in this press release.

Suez Canal Reopening

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
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