- Japanese transportation companies were already exploring alternative routes between East Asia and the critically important markets of Europe.
- Three alternative routes are available to link East Asia with Europe, while a fourth is under development.
- The ongoing problems following the grounding of a container ship, the Japanese-owned Ever Given, in the Suez Canal in March, has seen them step up their search.
- Growing instability in the Middle East is a factor, but Ever Given's owner Shoei Kisen Kaisha Ltd., based in Japan's Ehime Prefecture, is also deeply unhappy that it is in the middle of a legal battle over the accident.
- An Egyptian court granted the Suez Canal Authority a request to hold the 400-meter vessel until the owner pays more than $900 million (€737 million) in compensation. The owners have not been permitted to unload the ship's cargo.
Read the original story here.
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