Cargo ship get stuck in Egypts Suez Canal holding up the global economy for 2800 crore an hour | Suez Canal
Suez Canal: Egypt’s Suez Canal, which connects Asia and Europe and is geo-politically important, has been blocked for the past four days. A gust of wind changed the direction of a giant cargo ship, and it got stuck in the Chinchola canal. As a result, the sea traffic has come to a standstill and the world is losing Rs 2,800 crore every hour.
Egypt’s Suez Canal is a 193.3 km stretch of sea. There have been many battles for power over this canal. The Suez Canal is currently under Egyptian control. The Suez Canal connects the Mediterranean Sea with the Red Sea and the Atlantic Ocean with the Pacific Ocean, connecting Asia with Europe.
At around 7.40am on Tuesday, a cargo ship carrying goods from China crashed into the canal while en route to the Netherlands. The 400-meter-long and 59-meter-wide vessel sank in the canal after a strong gust of wind blew the ship in the opposite direction.
As a result, this sea route is blocked and the traffic of ships at sea is jammed. It is said that this route will take a few days to open.
An attempt was made by the Egyptian administration on Wednesday to set aside the wrecked ship in the canal. Eight tugboats were used for this but to no avail.
About 90 large ships and many other small ships ply the same sea route daily. The shipwreck in the Suez Canal has stalled the world’s economy by about Rs 2,800 crore an hour. The ship is owned by a Japanese man. He thinks the sea route will be clear by the end of Saturday. But experts say it may take a few more weeks for the road to clear.
About 400 ships have been shut down in the last four days. The canal blocked an average of 9. 9.7 billion a day. Of that, 5. 5.1 billion goes to the West, while 4. 4.6 billion goes to the East. Or
If this sea route is closed for a long time, these ships will have to make a detour to the continent of Africa and travel from Europe to Asia, which is not affordable.
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