The cost of the Suez Canal blockage
The 2021 Suez Canal blockage resulted in a loss of nearly $89 million for the shipping company Maersk Line. This is revealed in a new study conducted by a European research team in collaboration with the School of Business, Economics and Law at the University of Gothenburg. The methodology can also be used to analyse the ongoing crisis in the Red Sea.On 23 March 2021, the container ship Ever Given ran aground in the Suez Canal. The blockage lasted six days and caused significant logistical disruptions worldwide. Around four-fifths of international trade is carried by sea, and on an average