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20 Apr 2024 2:45
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  •   Home > News > Business

    There may be a small upside, to the closure of the Suez Canal

    There may be a small upside, to the closure of the Suez Canal


    It may takes weeks to remove a container ship, which is currently blocking the crucial trading route between Asia and Europe like a "beached whale".

    The blockage is likely to hold up freight and push up global prices, with ships forced to detour around the African continent.

    But New Zealand Shippers Council chairman Simon Beale says it will also give ports some time to clear their existing backlogs.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     19 Apr: Larger than life
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     19 Apr: Experts are forecasting more financial pressure for households, continuing into late next year
     18 Apr: The Reserve Bank may have to make some unpopular decisions
     17 Apr: Taylor Swift may get a tiny bit of the blame, for inflation and interest rates staying higher longer
     17 Apr: Inflation is slowing, but many New Zealanders are still getting poorer
     Top Stories

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    Highlanders halfback James Arscott is sticking to the basics ahead of a rare start in tonight's Super Rugby clash against the Reds in Brisbane More...


    BUSINESS BUSINESS
    The Auckland Ratepayers Alliance says the latest Government measure to ease rates, only solves a small part of the problem More...



     Today's News

    International:
    Iran's air defence system activated amid reports of explosions heard near city of Isfahan 23:37

    Politics:
    The Law Society says it's becoming more common for people to criticise judges -- and it's a problem 21:57

    Entertainment:
    Taylor Swift said she didn't "really like" hiding her relationship with ex-boyfriend Joe Alwyn 21:40

    Motoring:
    A serious crash in the Southland town of Mossburn has blocked parts of State Highway 97 21:17

    Entertainment:
    Sarah Paulson says she doesn't "shoot anything" into her face to stay looking young 21:10

    Health & Safety:
    Rare black-footed ferrets successfully cloned from frozen tissue samples in the US 21:07

    Entertainment:
    Olly Murs has become a father for the first time 20:40

    Entertainment:
    Zayn Malik wants to be a "proper" farmer one day 20:10

    Entertainment:
    Olivia Munn was "not afraid of death" when she was diagnosed with cancer 19:40

    Entertainment:
    Simone Biles "broke down" over the backlash aimed at her husband Jonathan Owens 19:10


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