Additional downtime in the Suez Canal will lead to serious interruptions with supplies in Europe, said the head of maritime research of the Fletcher school at the American University of Tafts, Professor Rockford Witz in a conversation with TASS.
“If the container ship is released within two or three days, then economic losses will be relatively small. However, if the vessel’s focus will take another week or more, then financially costly interruptions may begin in the supply chain,” expert warned.
According to him, due to the blocking of the Suez Canal, European oil refineries, depending on the stable and predictable supply of Middle Eastern oil on this route, may suffer. In addition, a simple can cause in Europe the deficit of electronics and other goods that are imported from the Asia-Pacific region.