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Reports are emerging that the Suez Canal is blocked again with another grounding. Supply chain chaos again threatened. Update: now refloated

Business / news
Reports are emerging that the Suez Canal is blocked again with another grounding. Supply chain chaos again threatened. Update: now refloated
[updated]
Suez Canal

Reuters is reporting that a ship ran aground in Egypt's Suez Canal earlier today and tug boats were working to release it, two navigational sources told them.

The sources said the vessel was blocking navigation in the canal.

There was no immediate official confirmation from the Suez Canal Authority.

 

Update: It has been refloated, and is under tug assistance.

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7 Comments

Starting to feel intentional now

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It appears to have been refloated and is now free under tug assistance. 

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Sounds inflationary.

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what? Tug assistance?

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Oil has dropped since. 

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