Vortexa analysts examine the consequences of the Ever Given’s grounding
The blockade of the Suez Canal by the grounded mega-containership Ever Given for close to a week in late March 2021 made it onto news channels worldwide. The reason is that sizeable chunks of global seaborne trade pass through the bottleneck daily, including various relevant clean and dirty oil flows. This article will review the extent to which oil flows were disrupted/delayed and how close the world was to serious supply outages.
SUEZ CANAL AS A MAJOR
The grounding of the Ever Given has done more than shed a light on how dependent global trade is on the shipping industry. It highlighted how dependent global shipping is on a handful of canals and straits known as chokepoints. These chokepoints are under a variety of threats and are closely monitored by shipping market partic...