Suez Canal Disruption Effects Linger

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By Susan Beardslee | 2Q 2021 | IN-6126

 

The Ever Given: A 20K TEU Nightmare

NEWS


The 400-meter-long Ever Given vessel was trapped for six days across the Suez Canal, causing havoc for global maritime supply chains, before finally being freed on March 29th, 2021. This comes at a time when the maritime ecosystem is already facing issues with port congestion and poor schedule reliability. The blockage of the 224,000-ton container ship has already caused vast economic damage with further implications yet to be seen. European countries are expected to see the most significant impact, along with some U.S. retailers such as Walmart and H&M.

Delays and Economic Loss

IMPACT


The Suez Canal is one of the world’s most critical shipping lanes, as it is the shortest route between Europe and Asia. Around 12% of global trade passes through this route dail...

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