Salvage teams have freed a container ship stuck in the crucial waterway since last week, blocking hundreds of vessels. Asian share markets have edged higher while oil prices slipped as a giant ship blocking the Suez Canal was refloated, raising hopes the vital waterway could reopen and ease global shipping backlogs. Salvage teams freed the Ever Given in the Suez …
Asian and European businesses, which rely heavily on the Suez Canal to move their products between the regions, are weighing contingency plans as efforts to move a ship blocking the canal drag out. “To put things in perspective, if you were to put the entire 20,000 containers on the Ever Given, you’d need 2,500 747 air freighters," said Tim Huxley, …
