top of page

NILIM predicts prolonged delay in understanding the full impact of the Suez accident

On March 8, the National Institute for Land and Infrastructure Management (NILIM) released research materials in response to the case of the Evergiven, a large 20,000 TEU container ship that ran aground in the Suez Canal on March 23 this year, blocking the canal for a week. The study points out that it will take time to understand the full impact of the canal blockage, since the dependence on international straits and canals, where cargo ships are concentrated, is increasing year by year. The document indicated that the direct loss due to the blockage of the Suez Canal in March was estimated at 46 billion US dollars, and the loss including spillover effects was estimated at 126 billion US dollars. Fortunately, the blockage was over in less than a week, so it does not seem to have had a significant impact, but there is still a time lag before cargo in transit arrives, so it will take more time to get a full picture of the impact.

1 view

Recent Posts

See All

Top 5 Japan Freight Forwarders in January 2024

The January 2024 rankings of Japan's international airfreight forwarders have been released, with Nippon Express in first place with 13,890t (+4.7% y/y), Yusen Logistics in second place with 9,591t (+

CCFI Summary week 6

Ocean freight rates increased via the West Coast of North America (+8.4%) and via the East Coast of North America (+5.8%). Decreases were seen in South Korea (-7.7% week-on-week) and Europe (-3.4%).

bottom of page