Blockage of the Suez Canal is seriously hitting the global trade, the ministry of commerce and industry said in a statement.
The Centre has chalked out a four-point plan to deal with the situation arising from the blockage of the Suez Canal including advising ships to re-route via Cape of Good Hope.
This plan was chalked out in a meeting convened by the logistics division, department of commerce, government of India Friday. It includes prioritisation of cargo, freight rates, advisory to ports and re-routing of ships.
A 193-km canal, which is an artificial sea-level waterway in Egypt, connects the Mediterranean Sea to the Red Sea and provides the shortest sea link between Asia and Europe. The 224,000-tonne container ship was grounded in the Suez Canal on Tuesday morning, completely blocking the traffic along the waterway and delaying a number of ships carrying cargo ranging from oil to consumer goods.
Blockage of the Suez Canal is seriously hitting the global trade, the ministry of commerce and industry said in a statement.
News Source:- Hindustan Times
