Daily Mail: Grounded Suez Canal mega-ship is blocking shipments worth $9.5BILLION per day with 'enormous' consequences for global economy as rescue chief warns it could be stuck for WEEKS
* Cargo ship Ever Given, one of the world's largest, remains wedged in the Suez Canal as rescue efforts resume * Dutch expert brought in to help has warned operation could take 'weeks' and might involve taking cargo off * Goods worth an estimated $29billion are currently stuck in the logjam, with another $9.5bn added each day * Knock-on effect already being felt, as oil prices jumped 6 per cent on Wednesday as news of blockage spread
The giant cargo ship wedged across the Suez Canal is blocking shipments worth an estimated $9.5billion per day including food and oil which will have an 'enormous' impact on the world economy, experts have warned.
At least 150 ships are now stuck in the logjam caused by 200,000-ton cargo ship Ever Given which ran aground in the narrow channel on Tuesday, with goods worth $29billion already held up.
The effect has been felt on world markets already as the price of crude oil shot up 6 per cent on Wednesday, reversing months of often-record falls caused by the coronavirus pandemic.
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WNU Editor: I would say hundreds of millions in claims (and maybe more) …. Stranded Suez ship's owner, insurers face millions in claims (Reuters).
More News On Reports That It Could Take Weeks To Move The Cargo Ship Blocking The Suez Canal
Cargo ship blocking Suez Canal could take weeks to move — CNBC
Cargo ship still stuck across Suez Canal, and it may be going nowhere for "weeks" — CBS
Suez Canal clearance could take ‘weeks’, says salvage company — Financial Times
It could take weeks to reopen the Suez Canal, salvage experts say — OilPrice.comOriginal Article
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