the impact of the event to international trade of the suez canal
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The Suez Canal accounts for 30% of the world's daily shipping container freight. That makes it the most important conduit for trade between Europe and Asia. Some 19,000 vessels passed through the canal last year, according to official figures. ... The closure also affects oil and gas shipments.
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The recent grounding of the Ever Given container vessel has underscored the importance of the Suez canal for global freight and supply lines. Approximately 12% of global trade and 30% of global container traffic traverse the Suez, transporting over USD $1 trillion worth of goods per annum.
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