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Suez Canal blockage sets shipping rates racing, oil and gas tankers diverted away

Suez Canal blockage sets shipping rates racing, oil and gas tankers diverted away

March 26, 2021

SINGAPORE (Reuters) – Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway as a giant container ship remained wedged between both banks.