The Suez Canal blockade is blocking goods worth 4 times Kosovo's budget per day
(5 years ago)The giant ship blocking the Suez Canal after changing courses and going through the middle is delaying an amount of goods estimated to be $10 billion per day [approximately four times Kosovo's budget]. This means that $400m of goods are being delayed to enter the market for [...]
This means that $400 million of goods are being delayed to market for every hour that the ship continues to block the road between east and west.
Data from the trade expert has provided these figures, reports the BBC, translates Periscopi.
Despite efforts to free the ship, this can take weeks.
Ever Given ship, operated by Taiwanese company “Evergreen Marine”, is the size of four football fields and is one of the world's largest ships.
This blockade is also expected to cause rising oil prices.
The ship in question is blocked by strong winds that have been able to change travel courses. /Periscope