Since the ship became beached, several private company and government efforts have been arranged to get the boat back into the water. On Tuesday March 22nd, the Taiwanese-operated Ever Given (one of the largest container ships in the world) got stuck in the Suez Canal, blocking access to the popular trade route and resulting in billions of dollars in losses. The canal has become a massive thoroughfare for global trade.Roughly 12% of global trade (worth over $1 trillion a year) passes through the Suez Canal. Completed in 1869, the canal provides the shortest route for European countries to access the Middle East and Asia, avoiding the traditional path of circling around the bottom of Africa. The Suez Canal is a man-made passage of water that connects the Mediterranean Sea to the Red Sea. Without further ado, let’s get started! Background What is the Suez Canal? We hope you enjoy the article, and reach out to let us know how you would have changed things. We changed our forecast as the news was first developing. That being said, we didn’t forecast this analysis on Metaculus. And in order to become better forecasters we won't shy away from publsihing analysis that post-facto we know is flawed which is why we have not changed any of our final forecasting numbers we will present.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |