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Suez Ship Blockage Holding Up $9.6bn of Gargo Goods a Day

26th March 2021
Vital Maritime Waterway: A salvage company, working to free the Ever Given, wedged between both Suez Canal banks, says the operation could take weeks Vital Maritime Waterway: A salvage company, working to free the Ever Given, wedged between both Suez Canal banks, says the operation could take weeks Credit: BBC News

Ever Given the mega-container ship stranded in the Suez Canal is holding up an estimated $9.6bn (£7bn) of goods each day, according to shipping data, reports BBC News.

This works out at $400m an hour in trade along the waterway which is a vital passageway between east and west.

Data from shipping expert Lloyd's List values the canal's westbound traffic at roughly $5.1bn a day, and eastbound daily traffic at around $4.5bn.

Despite efforts to free the ship, it could take weeks to remove experts say.

The Ever Given, operated by the Taiwanese company Evergreen Marine, is the length of four football pitches and one of the world's biggest container vessels. The 200,000-tonne ship is capable of carrying 20,000 containers.

Its blockage is causing huge tailbacks of other ships trying to pass through the Suez Canal.

For much more on this global maritime transport blockage click here 

Published in Ports & Shipping
Jehan Ashmore

About The Author

Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals. 

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