How the Suez canal blockage can seriously dent world trade
by Gwyn Topham from Economics | The Guardian on (#5FTXH)
Analysis: 12% of global shipping uses the canal with any delays disrupting supply chains, fuelling shortages and hiking prices
World trade's pre-eminent shortcut - the Suez Canal - is facing massive" disruption which could cause cargo delays around the globe, shipping experts warned on Friday.
The narrow, 120-mile passage of water linking the Red Sea and the Mediterranean allows ships of colossal proportions to navigate a relatively direct route from Asia to Europe, rather than taking a 3,500-mile diversion around Africa.
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