This is the main route by which goods from East Asia are transported to Europe.
The blocking of traffic in the Suez Canal created great problems for transport companies and individual producers, but did not cause major shifts in the world market, says Bojan Stanic from the Serbian Chamber of Commerce and emphasizes that for now there are no consequences for the Serbian economy.
The cargo ship “Ever given”, which blocked the Suez Canal since Tuesday, was released this morning, and Stanic says that due to the stranding of the giant ship, the global supply chain was interrupted because it is the main route by which goods from East Asia are transported to Europe.
– At the moment, this is a problem for companies that transport goods, for producers, as well as for users of those goods. However, that cannot be the cause of major shifts in the world market – said the assistant director of the sector for strategic analyzes of PKS, Bojan Stanic, for K1 television.
He stated that the blockade of the Suez Canal is not a problem for the global economy, but that the incident has a short-term effect on the oil and energy market, and that it could increase transport costs, which he says have been rising since the end of the year.
As he said, due to the risk of interruptions in the supply chain, certain countries are concentrating on keeping these chains as short as possible and bringing them closer to their home countries. He points out that about 80 percent of world trade is related to goods, and that 80 percent of that trade takes place by sea, ie through transport by ship.
He points out that it is the most economical type of transport and that lately, due to economic reasons, companies are increasing the dimensions of their ships, which, as he explained, can cause problems such as the incident in which the ship ran aground, Srbija Danas reports.
