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wasoxygen  ·  1122 days ago  ·  link  ·    ·  parent  ·  post: Mega container ship hard aground in Suez Canal

    Taiwan’s Ever Given container ship has made history by running aground and blocking the Suez Canal. The waterway has closed only five times since it opened 151 years ago. A stranded vessel longer than the canal is wide has wedged a stopper in the fastest seaborne trade route between Europe and Asia. That will be a blow to just-in-time supply chains....

    Alternatives to seaborne transport for intercontinental journeys are limited. Air freight provides a route but the cost is much higher per kilogramme. Only high-value items, or very urgent deliveries, are worth sending at the cost of $2 to $3 per kilogramme, points out Berenberg. A container ship costs just 4 cents.

FT