Ship wedged in Suez Canal could take weeks to move as it costs $9.6 billion per day in lost traffic

Published March 25, 2021 2:57pm ET



The massive cargo ship that wedged itself in the Suez Canal could take weeks to move as experts predict the mishap is costing $9.6 billion per day in lost cargo traffic.

“We can’t exclude it might take weeks, depending on the situation,” said Peter Berdowski, CEO of Dutch company Boskalis, which is assisting in efforts to move the ship, named Ever Given, that became lodged horizontally in the Egyptian waterway on Tuesday.

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