Suez Canal one of the world’s most important shipping routes, and it’s blocked by a giant container ship that ran aground in the Suez canal after losing power, and at around 200,000 tons and over 400 meters long the container well it’s going to take some shifting 50 ships a day normally passes through the canal carrying 10 percent of the world’s trade so the pressure is on to get her refloated because the Suez canal one of the world’s most vital trade routes.
the ship operated by a Taiwanese company evergreen heading towards the Mediterranean when it lost all power and steering.
A sudden strong wind even a dust storm likely pushed evergreen’s ship. Ever given off its path so much that the ship becomes wedged sideways across the Suez canal wall to wall tugboats and cranes are trying to free it but the ship is massive and heavy which results in oil price climbed today more than 5 percent but the impact may not last if the ship is dislodged quickly.
there is an alternative route instead of cutting through Egypt ships can also go around the southern tip of Africa however that takes about a third more time and more fuel that’s part of the reason why people use the Suez Canal because it’s quicker and cheaper in cost terms.
Europe and Asia are the main areas that use this canal for 80 percent of their total trade.
still, there is hope for the early clearing of the passage which might take 2 or 3 days.
Source : CNN
Image Source : CNN