There’s a major traffic jam on the Suez Canal.
One of the largest ships in the world, Ever Given, is lodged in the relatively narrow canal, a major artificial waterway where some $9 billion in merchandise passes daily. Around 12 percent of global trade carefully navigates via the historic canal, which opened more than 150 years ago.
Satellite images captured by the European Space Agency show the backlog of ships created by the accidentally stuck Ever Given, which is deeply lodged in the canal’s sandy floor.
On the left is a normal ship traffic day (March 21). On the right is the growing backlog stoked by the blocked canal (March 25). Read more…