PRAGUE When the Ever Given colossus starts moving, blocking the Suez Canal from the ground, it’s not clear yet. But with each passing hour, the effects of this accident on the European market deepen, with pandemics so affected. The consumer after the biggest shipwreck in the more than 150-year history of Suez.
In Suez, a family business crisis of global proportions. Hundreds of ships can wait weeks to circumnavigate Africa |
According to the Bloomberg agency, every hour of a clogged canal costs $ 400 million (almost nine billion crowns). Suez is extremely important for the global market, accounting for 12 percent of all trade. Half of it is a container ship with weapons of electronics, clothing, perfumes and cars. He gave a quarter of your oil and LNG tankers, another 16 percent is the transport of commodities such as coal, iron ore or cereals, Boris Tomiak, an economist at Finlord, told the Lidovky.cz server. The European market, which is unable to meet outside demand due to the pandemic, has hit the market.
Bottom and two weeks
Most ragweed goes into mechanical engineering, electrical engineering and the automotive industry. Production is a primary problem. Employers can resort to unpaid leave or a company-wide holiday, especially in companies that order large components from Asia, to Tomiak. European companies usually had dr in their warehouses.
Then, at the Lidovky.cz website, the Auto code was confirmed. The blocked route may cause complications in the supply of materials from abroad or, conversely, affect shipments to foreign production plants in India, or Malaysia, said Martina Gillichov, saying that if the canal is not released soon, the company will choose alternative transport.
The captain of the Ever Given ship maneuvered before the blockade of Suez. He drew a shape that resembles a penis |
There are a number of consumers who buy online due to the lockdown. People have to prepare for a few days or a week from below, Tomiak thinks. Problems were reported by, for example, the Alza e-shop. We have two containers in front of the Suez Canal. For orders that are still outside, we are looking for a replacement, including logistics Michal Ondomii. We currently estimate that the goods on the road will be ten and thirteen days from below.
Dra ropa, mon i kva
The transport of energy raw materials and agricultural production is becoming more and more important. However, the failure should not cause any defects in the supermarket. Food methods in Europe have long been much more equal, says Tomiak.
According to Trinity Bank chief economist Luke Kovanda, it could be down. In the evening, the beans, which are moving from eastern Africa and Asia to Europe, travel first to Suez. European customers and flower producers do not have enough supplies, so the blockade of the canal means shortfalls in production, and thus the pressure on rising prices, told the server Lidovky.cz Kovanda.
On the contrary, people who buy fuel in general can still be relatively calm. One hundred million barrels of oil are consumed worldwide every day, of which only two and three percent are transported by Suez. The European economy is stagnating due to the coronation crisis, as is oil consumption.
In addition, refineries have their own supplies, for about ten days. Oil prices are likely to fall between $ 60 and $ 70 a barrel. If the situation worsens, it will depend on how long the bulging vessel will last, court expert Vclav Loula, Association of Petroleum Industry and Trade.
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