Daily News Analysis

The Suez Canal crisis and its impact on global trade

3rd April, 2021 International Relations

Context: A container ship called the ‘Ever Given’ was freed from the Suez Canal on March 29, 2021, a week after it ran aground and blocked other vessels from transiting one of the world’s most important waterways.

  • A human-made waterway, the Suez Canal is one of the world’s most heavily used shipping lanes, carrying over 12 per cent of world trade by volume.