SINGAPORE – Just when global sea shipments seem to be starting to flow again, an event at the key Suez Canal literally and figuratively threatens to put a choke-hold on global trade flows.
Fortunately, work is under way to free the 220,000-tonne Ever Given container ship, which became stuck on both sides of the canal after heavy winds forced it to drift sideways, effectively blocking the 205m-wide waterway.
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