Ships anchored for nearly a week begin moving through the Suez Canal
02 April 2021 | 9:48 am
Egyptian President Abdel Fattah al-Sisi has promised that his country would buy equipment to avoid any repetition of the past week's closure of the Suez Canal as he visited Ismailia, en route to the vital trade artery.
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The global shipping industry has warned there could be days of disruption, after a massive container ship ran aground in the Suez Canal. More than 10 percent of global trade passes through the strategic waterway. Also in today's show: diplomatic tensions threaten to derail a massive investment deal between the EU and China, and US donut chain Krispy Kreme tries to sweeten the deal for Covid-19 vaccinations.
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The massive container ship blocking the Suez Canal for almost a week has been turned 80 percent in the right direction, officials said Monday, raising hopes the vital trade route could soon be clear. But its owner said that while the giant ship "has turned", it was still not yet afloat. The MV Ever Given, longer than four football fields, has been wedged diagonally across the canal since Tuesday, strangling world supply chains and costing the global economy billions.
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