The repercussions of the week-long blockage of the Suez Canal may lead to "an enormous amount of various compensation claims," assesses Norwegian shipping lawyer Torgeir Willumsen from law firm Simonsen Vogt Wiig.
The effects of the grounded container ship is likely to be felt in the industry for a while. Shipping analyst Lars Jensen, CEO of Seaintelligence Consulting, estimates that the blockage will have an impact for the next 2-3 months.
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