The massive ship that was wedged in the Suez Canal has been freed. The Ever Given, one of the world's largest container ships, became stuck in the waterway last Tuesday, blocking all traffic in one of the world's busiest waterways. Around 50 ships, carrying everything from consumer products to cars and oil to animals, pass through the Suez Canal each day.
The stranded mega-container vessel, Ever Given in the Suez Canal, is holding up an estimated $400 million an hour in trade, based on the approximate value of goods that are moved through the Suez every day, according to shipping data and news company Lloyd's List. It could take days, even weeks, to re-float the cargo ship.
The massive container ship that ran aground in the Suez Canal, halting traffic in one of the world's busiest waterways, is still stuck. The ship, called the Ever Given, became horizontally wedged in the waterway following heavy winds. Nearly 19,000 ships passed through the canal during 2020, for an average of 51.5 per day, according to the Suez Canal Authority.
A cargo container ship that's among the largest in the world has turned sideways and blocked all traffic in Egypt's Suez Canal, officials said Wednesday, threatening to disrupt a global shipping system already strained by the coronavirus pandemic. The Egyptian official said tugboats hoped to refloat the ship and that the operation would take at least two days. Around 10% of the world's trade flows through the waterway and it remains one of Egypt's top foreign currency earners.
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