Dislodging the container vessel blocking the Suez Canal will take until at least March 31, a longer effort than initially feared that will amplify the disruption to global supply chains for everything from oil to grains to cars.
The extended halt to traffic through one of the world’s most important waterways is stretching a container-shipping industry that already is operating at full capacity. It threatens costly delays for European companies that rely on a steady flow of Asian imports and for consumers who have grown fond of fast online purchases during the pandemic.
