World trade loses $ 400 million an hour

According to, the reason for this was the delays of ships with goods in the Suez Canal. Now, more than 230 vessels have accumulated in the canal due to a grounded container ship in a traffic jam.

Shipping company Lloyd's List has calculated that blocking ships in the Suez Canal by a grounded container ship Ever Given is costing global trade $ 400 million an hour, CNBC reports. This amount is based on the value of the goods that are transported by ships through the canal every day. According to Lloyd’s List, the cost of goods that follow in the western direction per day is $ 5.1 billion, in the east - $ 4.5 billion.
The lockdown has heightened supply chain tensions, according to National Retail Federation Vice President of Supply Chain and Customs Policy.