Breaking! Shipping Fees Globally to rise as Suez Canal is Blocked

Suez Canal, one of the largest shipping lanes on the planet has been blocked with a mega container ship, with the name EVERGREEN. The incident is already creating a traffic jam of ships waiting in the Mediterranean, Red Sea, and in the canal itself.

According to Disclose TV, the last time such blockage occurred was just before the 6-day war.

“Footage of container ships amassing outside the blocked Suez Canal. The last time the canal was closed/blocked was just before the 6-day war.” Experts believe this will send prices of commodities soaring.

The 220,000-tonne, 400 metre-long Ever Given – a so-called “mega ship” – ran around near the southern end of the canal on Tuesday.

There has been attempts to refloat it with no success. Report has it that the Ever Green vessel was heading to Rotherdam from China.

Early reports speculated the vessel suffered a loss of power, but the ship’s operator, Evergreen Marine Corp, told Agence-France Presse: “The container went down accidentally after a suspected gust of wind hit”.

Videos from the Suez Canal crisis showed vessels stuck on the other end carrying Russian, Saudi and US oil.

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