Business

Suez Canal blockage may disrupt supplies to Asia: S’pore minister

Fall back is to sail around Africa, a longer journey by one to two weeks, says Ong Ye Kung

Updated 5 years ago · Published on 26 Mar 2021 7:40PM

Suez Canal blockage may disrupt supplies to Asia: S’pore minister
Efforts to refloat the Ever Given stuck in the Suez Canal are ongoing. – AFP pic, March 26, 2021

SINGAPORE – Supplies, especially from Europe, to the region, may be temporarily disrupted after a 400m-long container ship became wedged across the Suez Canal, said Singapore Transport Minister Ong Ye Kung.

“A prolonged blockage may see some drawdown on inventories becoming necessary. The fall back is for ships to sail around the African continent – the Cape of Good Hope – to come to Asia. It is a longer journey by one to two weeks,” he wrote on his Facebook page.

If the disruption is prolonged, Ong said PSA, the Singapore port operator, may see rescheduling of disrupted services when shipping lines reroute their journeys.

“It will have to plan ahead and ensure that operations remain smooth,” he said.

Ong said the container ship, which was blown off course due to strong winds, is now blocking one of the busiest waterways in the world, one that provides passage for around 10% of all global seaborne trade.

In contrast, the minister said the Straits of Malacca and Singapore provide passage for about one third of global seaborne trade.

“If you take a look at the world map, you will realise that the two are closely connected in linking up Europe, the Middle East and Asia,” he said.

“This is another unfortunate incident that illustrates how the world is now so closely interwoven together.” – Bernama, March 26, 2021

Related News

World / 4d

Singapore launches world’s first data centre powered by living human brain cells

World / 1w

Former Singapore president now thinks twice about patting children after Roxy Square incident

Malaysia / 1w

S'pore driver involved in altercation with Malaysian policeman near Woodlands Checkpoint

Opinion / 2w

The alchemy of staying

Business / 2w

Port businesses badly hit by uncertainty over commingled oil tax – maritime expert

Malaysia / 4w

Play chess, not checkers: Why Negeri Sembilan matters

Spotlight

Malaysia

Desa ParkCity deaths: Netizens voice concern, call for increased enforcement, crackdowns on scammers

Malaysia

Seven Yemenis arrested over dangerous stunt on KL road

Malaysia

UMNO gives state leaders mandate to negotiate electoral pacts

Malaysia

Sultan Selangor warns against greed, abuse of trust

By Alfian Z.M. Tahir

Malaysia

Form Six students to get allowance from 2027

Malaysia

Desa ParkCity deaths: Wife believed to be victim of love scam, say cops

Malaysia

Saravanan's letter will be referred to MACC, relevant authorities - PM Anwar

Malaysia

Thirteen arrested after teen girl dies in suspected gang-related road attack in Kulai

You may be interested

Business

Petronas revenue jumps 15% to RM152.4b as energy investments lift first-half earnings

Business

Oil prices fall as Hormuz reopening hopes offset Iran tensions

Business

Malaysia’s international reserves stand at US$132.07b in July

Business

ASM 2 Wawasan declares seven-year high payout of 5 sen a unit

Business

Questions over traceability of nearly 77,000 tonnes of K8 cargo at Tanjung Langsat

Business

Robo.ai swings to positive equity after US$46.7m first-half profit

By Alfian Z.M. Tahir

Business

Property developer, Matrix Concepts sets RM1.8b FY2027 sales target