The effect of the delay in the Suez Canal on sea transport

Despite the efforts made so far, it has not been possible to set the ship in motion. Satellite images taken by Planet Labs Inc. on Thursday and analyzed by the Associated Press show the ship still in the same location. According to experts, this process may take 2-3 weeks.
Since the Suez Canal is a major shipping route that facilitates and speeds up global shipments from Asia to America, Needless to say, the crisis has stopped many shipments. It is reported that currently the supply of cargo and oil products worth more than $ 10 billion has been suspended. This event is also expected to increase oil prices soon.
Against the background of these events, the newly commissioned Baku-Tbilisi-Kars project is once again showing its importance. Currently, this route is one of the most ideal alternatives after the North Sea Route (NSR).
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