The Suez blockade affects the global economy

TheRelease evergreen This Saturday is the hope of the Japanese company that owns the ship flying the flag of Panama, which has run aground since Tuesday in the Suez Canal.

A more difficult target if we consider that Egypt will have to swept nearly twenty thousand cubic meters of sand to free the ship.

Japan Shipping Corporation Shui two bags It is working in cooperation with the Suez Canal Authority to remove the land on which the bow of the ship ran aground after being exposed to strong winds in the middle of a sandstorm that struck Egypt this week and made visibility difficult.

The impact of the blockade on the global economy, with Europe particularly hard hit, is immediate:

10% of world trade passes through Suez.

8,500 million euros of goods per day.

1.9 million barrels of oil per day.

10% of the world’s LNG passes through Suez.

Journalist Rose George The author of the book Ninety percent of everything He explains that maritime commerce – “It’s a totally essential part of our daily life. It wasn’t my webcam to get to me without the shipping, nor this computer, nor almost everything on my table, because shipping still gives us 90% of everything, I think. It’s 95% in the UK, and we depend mainly on it. “

More than 230 ships dock at both entrances to the Suez Canal waiting to set sail, including nine container ships from the same company.

Traffic was suspended on the Suez Canal, the important trade link between Europe and Asia, on Tuesday after the 400-meter container ship stopped and crossed from shore to shore, blocking traffic in both directions.