Mar
26

Constricted Canal

The Friday File: The 193km long Suez Canal, which carries 12% of worldwide trade, 10% of all oil/day, and generates $15.9 million/day in transit fees from the 50 ships/day that sail through it, is impassable. One of the world’s largest container ships, the 400 meter (quarter mile!) long, Ever Given, lengthier than the Empire State building is tall, and carrying 20,000 containers, is wedged athwart the Canal, blocking all traffic.

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