Suez canal crisis strains global trade -------------------------------------------------- The stranded mega-container ship in the Suez canal is holding up around $9.6 billion of goods each day, according to shipping data -------------------------------------------------- Some 5.5 million barrels per day (bpd) of crude and oil products transited Suez canal and Sumed Pipeline in 2016, according to EIA -------------------------------------------------- Rerouting around Africa could add $300,000 in fuel costs for supertanker delivering Middle East oil to Europe -------------------------------------------------- MEDITERRANEAN SEA Alexandria Sidi Kerir terminal Cairo Suez Canal Suez Ain Sukhna terminal SINAI ISRAEL Port Said Sumed Pipeline RED SEA EGYPT Nile SAUDI ARABIA JORDAN 100km 60 miles -------------------------------------------------- Journey via Africa adds 8,765km and 13 days* Ras Tanura Rotterdam Suez Canal Cape of Good Hope *Speed: 15 knots -------------------------------------------------- SHIPPING TRAFFIC: Canal blockage adding strain to global supply chains already disrupted by pandemic and surge in demand for goods -------------------------------------------------- Number of ships Oil tanker Dry-bulkers Container ships 1,500 1,000 500 0 45 40 35 30 Feb May Aug Nov Feb 2020 2021 Average daily transits Mar 23: 400-metre-long container ship MV Ever Given stuck in Suez canal -------------------------------------------------- Picture: Associated Press Sources: Lloyd’s List, BIMCO;Leth Agencies, EIA, Arab Academy for © GRAPHIC NEWS Science, Technology & Maritime Transport, sea-distances.org, Bloomberg