. Suez Canal Blockage to Cause ‘Large Loss’ for Lloyd’s of London « JO LEE MAGAZINE

MarketWatch – The Suez Canal blockage will lead to a “large loss” for centuries-old insurance market Lloyd’s of London, its chairman said on Wednesday.

The Ever Given container ship blocked the crucial trade route for nearly a week before it was successfully refloated on Monday. More than 400 vessels had been forced to wait on either side of the canal during the blockage.

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