For nearly a week, the ultra-large Ever Given container ship was wedged across the Suez Canal, stopping dead all trade through one of the world’s most vital shipping lanes. With no way through, hundreds of ships queued up in the Red Sea and the Mediterranean and waited. Within 48 hours of the Ever Given running aground on March 23, there was enough oil on tankers waiting at the entrance to the Suez to power the UK for a fortnight. Nearly $10 billion dollars worth of trade a day sat idle.
This week on Beyond the Headlines, James Haines-Young talks about the week when global trade stopped because of a tanker.
This week on Beyond the Headlines, James Haines-Young talks about the week when global trade stopped because of a tanker.