Hopes rise of ending Suez Canal blockage in days ...Saudi Arabia

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Author: Bassem Aboualabass | AFPID: 1616844438528496000Sat, 2021-03-27 11:09 CAIRO: Hopes rose on Saturday that a mega-ship blocking Egypt’s Suez Canal could be refloated within days, even as the crisis forced companies to consider re-routing vessels around the southern tip of Africa. The president of Shoei Kisen — the Japanese firm which owns the giant container vessel — said it could be freed from the canal bed later Saturday, while the parent company of the Dutch salvage firm in charge of the operation eyed a target of early next week. Millions of dollars are at stake. Billions of dollars of cargo are now stalled at either end of the vital shipping lane between Asia and Europe, with th

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