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Suez Canal issue
March 30 , 2021
1414 days
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- Global trade has been impacted after a container ship got stuck in the Suez Canal.
- Suez Canal is a 193-km waterway that is pivotal in connecting Europe and Asia.
- Located in Egypt, the artificial sea-level waterway was built between 1859 and 1869 linking the Mediterranean Sea and the Red Sea.
- The canal is one of the busiest waterways in the world.
- On March 23, due to weather obstructions a giant container ship, MV Ever Given, ended up getting stuck in one of the canal’s narrow stretches.
- It was an en route from China to the Netherlands.
- Some countries have already seen a rise in oil prices after the blockage.
- Due to political, financial and technical problems the canal had been shut down five times before.
- Ever Given, which has blocked the Suez Canal for almost a week now, has been freed from the channel’s shoreline.
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