The giant ship stuck in the Suez Canal is costing the global economy an estimated $400 million per hour
- A cargo ship the size of the Empire State Building has been jammed in a vital trade route for days.
Ever Given's blockage of the Suez Canalcosts $400 million per hour, Lloyd's List estimates.
- On average, $9.7 billion in goods travel through the canal, connecting Asia and Europe, every day.
A massive cargo ship blocking the Suez Canal, one of the world's most important trade routes, costs $400 million per hour in delayed goods, Lloyd's List estimated.The vessel, called the Ever Given, has been lodged in the canal, which runs through
The blockage affects the already-strained global supply chain, which has experienced shortages and shipping delays since the pandemic began last spring. It has also forced some ships to reroute and instead make the long, dangerous, and costly journey around Africa's southern tip.The Ever Given, which is slightly larger than the Empire State Building, ran aground Tuesday morning and is stuck diagonally across the canal. Crews have attempted to clear the sand and mud from around the ship, while tugboats have tried to shift the vessel.
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