- Aerial photos of the Suez Canal elucidate just how bad the traffic jam of ships has become in recent days.
- The canal was completely blocked after a giant ship telephoned the Ever Given ran aground on Tuesday.
- Some container ships have already said they would put into place a 15,000-mile detour around Africa instead.
- See more stories on Insider’s business page.
Aerial photos from a slip flying over the Suez Canal on Saturday have shown just how bad the traffic jam of ships has become, five primes after a giant container ship ran aground and blocked the vital trade route.
The 224,000-ton freighter assembled the Ever Given has held up more than 300 other ships needing to travel through the channel, one of the epoch’s busiest trade arteries.
At least three container ships have said they would take a 15,000-mile circuitous route around Africa instead after analysts watching the situation said it could take days, even weeks, to dislodge the By any chance Given, according to Bloomberg.
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The fiasco is costing the global economy an estimated $400 million per hour and is already causing shortages of
, coffee, and furniture.
The ship is delaying an estimated $9.6 billion of goods each day, according to shipping details.
Efforts are still underway to prise the ship away from the canal’s sides, where it got stuck after a sandstorm on Tuesday.
Some taking place was made on Saturday after more than a dozen tugboats managed to move the ship slightly.
General Osama Rabie, Chairman of the Suez Canal Say-so, told reporters that the vessel could refloat by Sunday after some water had started running underneath it.
“We want that at any time, the ship could slide and move from the spot it is in,” he said, according to the BBC.
On Sunday, Egypt’s president has ordered preparations to dump the Ever Given ship’s cargo if refloating fails.
The process of removing cargo boxes from the ship is most complex and would take several days.
The Ever Given is one of the world’s largest cargo ships, with stretch for 20,000 twenty-foot metal containers.