Four point plan on Suez Canal situation Current Affairs, GK & News

Four point plan on Suez Canal situation

A four point plan was formulated by the Ministry of Commerce to deal with the situation presented by the blockage of the Suez Canal. Prioritization of cargo, freight rates as per existing contracts, advisory to ports and re-routing of vessels are the 4 points of the plan. India depends on the Suez Canal for transport ..

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What is Suez Canal Blockade?

A container ship called the “Ever Given” recently ran aground in the Suez Canal. This blocked more than 400 ships from transiting the canal. The blockage created huge impacts on global trade and is referred to as Suez Canal Crisis 2021 or Suez Canal Blockade. Impacts of the Blockade The Cargo ship was headed from ..