Cargo ship “Ever Given” is stuck in the Suez Canal, Egypt, blocking all water traffic completely. After almost a week, the megaship is freed and the 369 vessels waiting to pass through the canal are able to continue forward. The blocking of the canal majorly impacted trade between Europe and Asia and the Middle East as the Suez Canal is one of the world’s busiest trade routes. An estimated $9.6 billion (United States currency) dollars worth of trade was lost during the blockage.
March 23, 2021