How That Massive Container Ship Stuck in the Suez Canal Is Already Costing the World Billions of Dollars

How That Massive Container Ship Stuck in the Suez Canal Is Already Costing the World Billions of Dollars

Rescuers are racing to dislodge a vast container ship stuck in the Suez Canal before tides shift next week, potentially stranding it there for weeks and costing the global economy tens of billions of dollars. But as it traversed through the 205-meter wide channel it lost the ability to steer amid high winds and dust storms, according to a statement by The Suez Canal Authority. Here’s what to know about the stoppage of the Suez Canal, and what it might portend for global trade:How long is the ship likely to be stuck? Currently, tides in the Suez Canal are getting higher, which means that each day until they peak Monday and Tuesday it should get easier to refloat the Ever Given. But an incident like this should also prompt a reappraisal of how the global shipping industry works, says Diane Gilpin, founder of the U.K.-based Smart Green Shipping Alliance.

About Us

At Wellness Axis we want to encourage habits of wellness, Increase awareness of factors and resources contributing to well-being, Inspire and empower individuals to take responsibility for their own health, and to support a sense of community. Wellness can be thought of as the quality or state of being in good health.

Subscribe to our newsletter!