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Cargo container ship turns sideways in Suez Canal, blocking traffic in key shipping waterway
- Published_at:2021-03-24
- Category:News & Politics
- Channel:CNBC Television
- tags: Bottom Line CNBC business news finance stock stock market news channel news station breaking news us news world news cable cable news finance news money money tips
- description: A cargo container ship that's among the largest in the world has turned sideways and blocked all traffic in Egypt's Suez Canal, officials said Wednesday, threatening to disrupt a global shipping system already strained by the coronavirus pandemic. The Egyptian official said tugboats hoped to refloat the ship and that the operation would take at least two days. Around 10% of the world's trade flows through the waterway and it remains one of Egypt's top foreign currency earners.
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