Global trade has been impacted drastically after a Ever Given(Evergreen) container ship got stuck in the Suez Canal on 23 March 2021 .The ship was operated by taiwan based company Evergreen Marine.
It is leading to delay of everyday items for people around the world and it will get severe.Egypt itself is losing 12-14million USD per day.It lead to a disruption of 9billion USD worth of goods.Most importantly oil prices have increased more than 4percent in many countries because 24 of the 41 bulk carriers were oil tankers out of the 300+vessels waiting at both ends of the canal.
This 193-km waterway is crucial in connecting Europe and Asia. Located in Egypt, the artificial sea-level waterway was built between 1859 and 1869 linking the Mediterranean Sea and the Red Sea. Its the shortest route between the Atlantic Ocean and the Indian and western Pacific .It is also one of the busiest waterways in the world, nullifying the need to sail around the Cape of Good Hope in Africa and therefore cuts distances up to 7,000 km.At the present time
The situation is so critical now that it should be not be Emphasized but symphatized.
Steps are being taken by the officials to overcome such a strenous situation.Refloating operation is being undertaken by removing 9000tonnes of ballast water and also with the help of heavy machinery like 14+tugboats and excavators.
Previously also suez canal was jammed but that due to a political conflict:-
In 1956, Egyptian President Abdel Nasser nationalised the Suez Canal to pay for the construction of a dam on the Nile. This led to the Suez Crisis with UK, France and Israel mounting an attack on Egypt. The conflict ended in 1957 after the United Nations got involved and was followed by the first instance of the UN Peacekeeping Forces being deployed anywhere in the world. Even as the occupying forces withdrew their troops, the UN forced were stationed at Sinai to maintain peace between Egypt and Israel.
In 1967, Nasser ordered the peacekeeping forces out of Sinai leading to a new conflict between the two countries. Israelis occupied Sinai and in response, Egypt closed the canal to all shipping. The closure lasted until 1975, when the two countries signed a disengagement accord. The canal was the focal point of the Arab-Israeli War of 1973, with the Arab coalition led by Egypt and Syria.
According to the latest reports the ship has been reinstated to normal place and inspections are going before it finally leaves.
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