The six-day stranding of the Ever Given in the Suez Canal last March did something incredibly rare: it made regular people care about shipping, the means by which more than 80% of the world’s goods are transported. It took only one wrong turn for the container ship to bring a critical trading artery to a standstill. This is how a $1 billion worth of cargo got stuck, freed and impounded as the courts took over.
This Bloomberg clip is a fantastic look at the impact of the Ever Given blocking the Suez Canal last March, showing the fragility of global supply chains, and perhaps the unstable nature of the global economy.
It also just highlights the difficulty of steering these new supertankers in confined spaces!