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It’s been 10 days since the Ever Given was freed after blocking the Suez Canal, but the impacts are still just barely beginning to be felt.
Andrew Cox hosts Daniel Hackett from Hackett Associates to discuss how the maritime industry is faring since the crisis was rectified. Hackett is an expert in international maritime research and advising.
Hackett discusses the differences between the Ever Given’s impact on European ports versus U.S. ports and the ripple effect that causes the delays in seeing those impacts. He also explains his thoughts on carriers’ decision-making processes of diverting ships around Africa or waiting out the logjam.
CNBC Senior Editor of Guests Lori Ann LaRocco recently talked to FreightWaves about her thoughts on whether a similar blockage could happen with the Panama Canal, and Cox asks Hackett the same question. Cox also dives into the threat of East Coast vessel bunching and what needs to be done to avoid a crisis like this in the future.
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