What is the Suez Canal?

What is the Suez Canal? Thanks for asking! On March 23rd, the Ever Given container ship ran aground in the Suez Canal, blocking traffic in both directions. Such a blockage had never occurred before and it took six days for salvage crews to free the 220,000-ton cargo ship. Over 400 ships were forced to queue, waiting for Ever Given to be moved. Shipping data suggested the obstruction was holding up $9.6M worth of goods each day. Insurer Allianz estimated that each additional day contributed to a further $6bn - $10bn loss for world trade. Wow, that sure is one important waterway! When was the Suez Canal built? Who does the canal actually belong to? In under 3 minutes, we answer your questions! To listen to the last episodes, you can click here: What is a ghost kitchen? What is the precautionary principle? What is poverty porn? A podcast written and realised by Joseph Chance. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices