Suez Canal Blockage: The Economic Impact and Global Traffic Crisis
There are waiting areas such as in the great Bitter Lake where ships can hold for traffic and where they have the opportunity to turn around if necessary since 2015 due to the construction of the new SE Canal a larger part of the canal has two lanes and is therefore navigable in both
Directions at the same time however there’s only a single Lane where the ever given is stuck which means all traffic on the canal has come to a stand still over the course of the blockage about 370 ships were waiting for passage on both sides of the canal and it is
Estimated that every day this incident held up goods worth 9.6 billion US