Analysts expect a larger impact on smaller tankers and oil products, in particular naphtha and fuel oil exports from Europe to Asia, if the canal remained shut for weeks. More than 30 oil tankers have been waiting at either side of the canal to pass through since Tuesday, shipping data on Refinitiv showed. Several LNG tankers have been diverted, one Singapore-based shipbroker said, adding that sentiment for LNG tanker rates are more positive following the incident. Shoei Kisen Kaisha Ltd, based in Ehime Prefecture in Japan, confirmed on Wednesday that it was the owner of the Ever Given. The container ship was bound for Rotterdam in the Netherlands from China when it became stuck in the canal.

Source: Bangkok Post March 26, 2021 04:18 UTC