How Suez Canal blockage is leading to a temporary boom for African ports
How Suez Canal blockage is leading to a temporary boom for African ports
Ports across the Horn of Africa are emerging as potential winners after a high tide and strong winds forced a giant container vessel to run aground and block one of the world's important waterways for trade.
Many cargo carriers rerouted to sail around the Cape of Storms after the Suez Canal logjam stalled the passage of ships, holding back an estimated $9.6 billion worth of goods a day.
The change in route is not expected to smooth sailing as it adds around 9,650 kilometres to the ships' journey, with additional costs and threats like piracy. But it is a sea route that mariners have
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