News / Blockage shows Suez Canal needs second channel, says DP World CEO

DP World’s port volumes bounced back in the first quarter, but the company has worries over further supply chain disruptions.

For example, the terminal operator said it was still handling the aftermath of the Ever Given blockage and called on Egypt to build a second channel to the Suez Canal.

Group chairman and CEO Sultan Ahmed Bin Sulayem said: “The canal is a critical artery for world trade and its blockage last month cost the world economy almost $9bn a day. Weeks later, we are ...