Wednesday, March 31, 2021
Home Business Worldwide traffic jam at the Suez Canal: "This could take weeks"
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Worldwide traffic jam at the Suez Canal: “This could take weeks”

The ‘sine die’ closure of the fastest shipping route between Europe and Asia threatens to skyrocket global trade costs and disruption of goods, including oil and gas


Since Tuesday the Ever Given, one of the largest freight ships on the planet, has been crossing the Suez Canal. Its monumental skeleton, loaded with containers, appears among the palm groves that line the waterway through which it crosses between 9 and 10 percent of world traffic. The mole of 400 meters in length It blocks a rift with 151 years of history that, along 193.3 kilometers, connects the Mediterranean Sea with the Red Sea.

Closing sine die of the shipping lane more

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