[ad_1]
Original title: Suez Canal blocked difficulties for European and American retailers, oil prices may continue to rise
Resume
[El Canal de Suez bloqueó a los minoristas europeos y estadounidenses en problemas, los precios del petróleo pueden seguir aumentando]As one of the world’s most important shipping channels, the blockade of the Suez Canal has added new concerns to the already limited global capacity of container ships. Some European and American retailers are concerned that the channel lockdown will affect the global supply chain, which may make it even more difficult for companies to ensure stable inventory during the new corona epidemic. (Beijing Youth Diary)
As one of the world’s most important shipping channels, the blockade of the Suez Canal has added new concerns to the already limited global capacity of container ships. Some European and American retailers are concerned that the channel lockdown will affect the global supply chain, which may make it even more difficult for companies to ensure stable inventory during the new corona epidemic.
Shipping market
The supply of capacity has worsened the situation and increased freight rates on the Asia-Europe routes
On the 23rd, a Panamanian-flagged heavy freighter ran aground in the new Suez Canal canal, causing a blockage of the canal. The Suez Canal connects the Mediterranean Sea and the Red Sea. It is located at the key point of the intercontinental belt of Europe, Asia and Africa. About 12% of the worldTradelinkTransportation through this channel.
According to media reports, around 200 ships have been blocked since the freighter ran aground. Analysts believe that if the channel cannot be opened as soon as possible, it may have a major impact on the global maritime market, adding “new concerns” to the shipping industry already facing limited capacity.
Zhang Longxing, director of the petroleum business department of the Shanghai Petroleum and Natural Gas Trade Center, which has been engaged in energy industry research for a long time, presented that currently about 25% of the global containerTradelinkCompleted through the Suez Canal. Zhang Longxing said that after the Suez Canal is blocked, the arrival time of ships can be greatly delayed. In the short term, the shortage of capacity of the world’s container ships will worsen the situation, further increasing freight rates on the Asia-Europe routes.
JPMorganAccording to a report issued on the 25th, if a stranded freighter cannot be resolved quickly and properly, there is a risk that the ship will break, once this occurs the canal is expected to be blocked for a period of time. Suspension of shipment will further disrupt the global container ship supply chain and may have a serious impactinternational trade, Which leads to a skyrocketing rise in freight rates and rising global inflation.
According to Agence France-Presse, global maritime giants Maersk and Hapag-Lloyd said they are closely monitoring the development of the situation and are discussing transportation options to avoid the Suez Canal, or choose to divert the Cape of Good Hope.
Company voice
IKEA: negatively affects the supply chain
The world’s largest home furnishings retailer, the Swedish chain IKEA, confirmed that around 110 containers containing IKEA products were on board the stranded cargo ship. IKEA is investigating the number of containers with IKEA products on other blocked cargo ships.
IKEA spokeswoman Hanna Maud said: “The adverse impact of this incident on our supply chain depends on the progress of the rescue operation and how long it takes.”
British electrical retailer Dixons Mobile Company and Dutch home furnishings retailer Brocker Company also confirmed that delivery of goods was delayed due to the canal blockade.
Many countries have implemented “home orders” during the new corona epidemic to stimulate people to improve their home décor products, and sales of televisions, sofas and other appliances and furniture have increased.
The British daily “Lloyd Ship Daily” estimates that container cargo worth approximately US $ 9.6 billion passes through the Suez Canal every day, including training equipment, clothing, household appliances and electronic products. According to experts in global shipping, thousands of empty containers return to factories in Asia through the Suez Canal every day.
Richard Roach, chairman of a subcommittee of the National Association of the US Customs and Transportation Industry, said: “This is a catastrophic event in a tight market (capacity). High demand has caused delays due to congestion in delivery. of merchandise. The imported products could not reach the shelves in time. “
Oliver Chapman, CEO of OCI Group Co., Ltd., which is involved in global supply chain cooperation, said rail transport from Asia to Europe has been “overloaded” while air transport is too expensive. Take rubber gloves for example: shipping a box of rubber gloves by air to Europe costs between US $ 2 and US $ 3, which is a substantial increase compared to the 25 cents required by sea.
InternationalOil price
Clogged for more than two weeks, oil prices will continue to rise
The slow rescue process of the stranded Suez Canal freighter caused market investors concern. International crude oil futures prices continued to fluctuate higher on the 26th and rose significantly at the close.
At the close of the day, the price of light crude oil futures for delivery in May on the New York Mercantile Exchange rose US $ 2.41 to close at US $ 60.97 per barrel, an increase of 4.12%; the price of London Brent crude futures. for delivery in May it increased by US $ 2.62, closing at 64.57 dollars per barrel, an increase of 4.23%.
American Price Futures Group Advanced MarketAnalystPhil Flynn said on the same day that a stranded freighter can take several weeks to get out of trouble and that the market is more concerned about supply chain disruption. Flynn said that once the canal is blocked for more than two weeks, it will have a substantial impact on the supply and demand of the crude oil market and cause oil prices to continue to rise.
However, some analysts said that although the Suez Canal is blocked and the market is concerned about the supply of crude oil, the new wave of new corona epidemics in Europe and other parts of the world may slow the recovery of global demand. of crude oil and limit the increase. on oil prices.This group of articles / Xinhua News Agency
attention
The rescue plan has three Turks taking the opportunity to “show themselves well”
Usama Rabie, president of Egypt’s Suez Canal Authority, recently issued a statement saying that the rescue of the freighter “Longci”, which was stranded in the Suez Canal, is still continuing and navigation of the canal has been suspended. A person from a rescue company said it is not ruled out that the rescue could take several weeks.
According to Egyptian media reports and relevant analysis, there are currently three major rescue plans.
One is towed by a tugboat with strong traction. The Egyptian Pyramids online website quoted maritime expert Mahmoud as reporting that this is also the main method currently adopted for rescue.
Second, clean up the sand in the beached area. Experts said this plan is to deploy excavators to remove sand and mud under the bow while ensuring that the hull does not move.
Third, reduce the weight of caged cargo ships. Some experts said that the worst case scenario is to unload a part of the container to reduce the weight of the “Changci”. If the first two programs do not advance, this program will be considered.
It is also reported that Turkey intends to send a tugboat to Egypt to help bring the Suez Canal shipping back to normal. Turkish Transport Minister Adil Karaismailoglu told a reporter from Turkish private television station NTV on the 26th that the Turkish side has expressed its willingness to help the Egyptian side. Once you receive a “positive response” from the other party, the tugboat will begin operating. .
Karaismailoglu said that the Turkish side is ready for help, but has not received a response from the Egyptian side at the moment.
Several Turkish government officials said in early March that Turkey has resumed diplomatic contacts with Egypt and is seeking further cooperation with Egypt. Egyptian Foreign Minister Sameh Shukeri confirmed on the 14th that the two sides have started contact, but warned that whether the two sides can fully restore diplomatic relations depends on the substantial change in Turkish policy.
Egypt and Turkey disagree on a number of international issues, including the conflict in Libya and ownership of oil and gas resources in the eastern Mediterranean.
(Source: Beijing Youth Daily)
(Editor-in-charge: DF545)
I solemnly declare: The purpose of this information is to spread more information, and it has nothing to do with this booth.
[ad_2]