Suez Canal Jam Will Take Months to Sort, Many Live Animals Likely Perished on Ships

Suez Canal Jam Will Take Months to Sort, Many Live Animals Likely Perished on Ships

The Evergiven is no longer stuck in the Suez Canal, but world shipping is hardly back to normal. In just six days, the massive container ship held up almost $60 billion in global trade.  Supply chains across the world are delayed and off schedule, and the incident has economists and maritime experts across the globe reevaluating the efficacy of the current shipping economy.  

Why this Matters: The pandemic has rocketed demand for goods (and vaccines) to all-time highs, but bottlenecks at many major ports and slow shipping speed could slow the global economy just as it begins to recover from COVID-19.

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Quarter-Mile Long Container Ship Blocks Dozens of Ships in Suez Canal

Quarter-Mile Long Container Ship Blocks Dozens of Ships in Suez Canal

A cargo ship has gotten stuck in the Suez Canal in Egypt, blocking out all traffic. Experts say this has never happened before. Freeing the ship will take 2 days; about 100 ships are already waiting to pass. About 10% of the world’s trade goes through the canal, especially oil. pic.twitter.com/6U6xi7u4Fp — AJ+ (@ajplus) March […]

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