Suez Canal Disruption Effects Linger

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2Q 2021 | IN-6126


The Ever Given: A 20K TEU Nightmare


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


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 daily on 50 ships carrying over $9 billion worth of goods. The stranded Ever Given, carrying 18,300 containers, caused significant delays in transportation of essential shipments, preventing $400 million worth of trade every hour it blocked the canal. The blockage creat…

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