Who would have imagined Ever Given, a cargo ship the size of NY Empire State Buildingwould have caused a complete paralyse of the Suez Canal where 12% of the world tradedepends on. This further disrupt the supply chain, which has seen major disruptions due to the pandemic and lockdowns. 

Suez Canal blockage is delaying an estimated $400 million an hour in goods

KEY POINTS Lloyd’s List calculates blockage is costing $400 million an hour. Lloyd’s values the can
Suez Canal blockage is delaying an estimated $400 million an hour in goods

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