The Rising Influence of Rising Affluence

[Biowatch]

Ultimately, how long the Ever Given remains stuck now depends on how hard aground she is and how favorable the tides are, or aren’t (tides on the south end can be range up to 1.9 meters). Whichever way it goes, we should know pretty soon considering the enormous importance of the waterway for global trade.

“Close to 16 million 20-foot containers (TEU) were carried by ships from Asia to Europe and the Mediterranean in 2020, down slightly on the 16.6 million TEU in 2019 because of the COVID-19 disruption in the second quarter, but the vast majority of that cargo is transported through the Suez Canal,” commented Greg Knowler, senior European editor at JOC by IHS Markit

https://gcaptain.com/grounded-mega-ship-blocking-suez-canal-in-both-directions/