Tag: Suez Canal blockage

This satellite image from Cnes2021, Distribution Airbus DS, shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, Thursday, March 25, 2021. The skyscraper-sized cargo ship wedged across Egypt's Suez Canal further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear, authorities said. (Cnes2021, Distribution Airbus DS via AP)

The Suez Canal blockage – lessons to be learned

Insurers have been warning for years that the increasing size of vessels is leading to a higher accumulation of risk when something goes wrong. These fears are now being realized, with the MS Ever Given having blocked the Suez Canal for several days. Luckily, the giant vessel was refloated and […]