World trade is being disrupted by a large container ship, Ever Giver, blocking the Suez Canal. There is GPS tracking of the path that the ship took just before it got stuck. The ships appears to have traced out a phallic shape.
30% of the world’s container shipping volume goes through the Suez Canal. This is 12% of total global trade of all goods. About $9-10 billion per day should be going through the Suez.
More than 150 vessels are now backed up and about 300 more are headed to the key waterway in the next two weeks.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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