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Dealing with giant vessels: Fees on extremely large vessels can be exponentially hiked

Dealing with giant vessels: Fees on extremely large vessels can be exponentially hiked © Provided by The Financial Express Given their humungous size, there are only a limited number of ports where such vessels can call. When they do, the strain placed on the port is enormous By Michael Pinto After blocking the Suez Canal for more than a week and hugely disrupting the movement of goods by sea, the Ever Given-the monster container vessel 400 metres long and nearly 60 metres wide-was finally moved to the Great Bitter Lake for full inspection. During this period, about 100 ships of various sizes queued up on either side of the Canal, waiting for a chance to pass through. World trade took a huge beating and the ripples of this incident will continue to reverberate across the globe for some time to come.

Dealing with giant vessels: Fees on extremely large vessels can be exponentially hiked

Dealing with giant vessels: Fees on extremely large vessels can be exponentially hiked
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