Suez Canal and Ever Given Ship
Recently, the Suez Canal, one of the world’s most critical transit routes, got blocked due to a large container vessel, the MV Ever Given. This has caused enormous disruption to global shipping.
- This temporary closure has been very expensive for global trade, as it is estimated that the loss per hour is almost $400 million. The negative impact on the intricate and delicately balanced global supply-chain and oil prices will impose additional costs on the customer globally.
About Suez Canal
- The modern Suez Canal was built in the mid-19th century through efforts by the French and opened for navigation on November ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
World Watch
- 1 Japan Eases Arms Export Rules
- 2 India-Republic of Korea: Joint Strategic Vision for Special Strategic Partnership
- 3 India Extends OCI Card Eligibility in Sri Lanka to Sixth Generation
- 4 India Elected to Key ECOSOC Subsidiary Bodies
- 5 WTO MC14 Ends without Consensus
- 6 India-Austria Relations Strengthened Through Multiple Agreements
- 7 UNSC Resolution on Strait of Hormuz Vetoed by Russia and China
- 8 Global Maternal Mortality Overview
- 9 India-Australia ECTA Completes Four Years
- 10 India Calls for Supply Chain Resilience at AZEC Plus Meeting
