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Suez Canal suspension to disrupt Chinese aluminium exports to Europe
Mar 31,2021 11:53CST
SMM Insight
Source:SMM
It was reported last Wednesday that a giant container ship ran aground on the Suez Canal, causing two-way traffic on one of the world’s busiest maritime trade routes to be blocked. As an important international waterway, the Suez Canal connects the Mediterranean Sea and the Red Sea, providing the closest route from Europe to the land around the Indian Ocean and the Western Pacific. According to statistics, 20% of the world's total maritime cargo volume, 80% of the cargo volume between European and Asian countries, and 25% of the world's oil tankers pass through the Suez Canal. Therefore, the Canal is of significant importance to the shipping between China and Europe.
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