Suez Canal suspends traffic as bid to refloat grounded ship hits trouble

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CAIRO, Egypt (AFP) — The owners of a giant container vessel blocking the Suez Canal said Thursday they were facing “extreme difficulty” refloating it, prompting Egypt to suspend navigation through one of the world’s busiest shipping lanes. Shipping analysts warned the suspension could last days or even weeks, forcing businesses to consider diverting their cargos to the much longer route round the tip of Africa in a blow to global supply networks. The Suez Canal […]