Cargo Lost at Sea
Cargo ships are enduring rough seas in the Pacific Ocean in the first part of 2021, maritime insurance executives said roughly 3,000 containers have been lost at sea over the past two months alone. Most recent container ship lost an estimated 750 boxes sailing through heavy seas from China to Los Angeles, the latest in a spate of incidents in which boxes carrying millions of dollars’ worth of goods have gone overboard.
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“The majority of trade between Asia and Europe still relies on the Suez Canal, and given that vital goods including vital medical equipment and PPE, are moving via these ships we call on the Egyptian authorities do all they can to reopen the canal as soon as possible.”
An estimated 12% of global trade passes through the Suez Canal, comprising more than one billion tonnes of goods each year.
Guy Platten continued: “Not only will the goods aboard the Ever Given be severely delayed on their journey, but the hundreds of other ships are also affected. The damage done to the global supply chain will be significant.”