TOKYO — It took six days to free a giant container ship that ran aground and clogged the Suez Canal, one of the world’s most crucial shipping arteries. There are the repairs for any damage to the Ever Given, the quarter-mile-long ship that got stuck in the Suez. There is the bill for the tugboats and front-end loaders that dug the beached vessel out from the mud. The authority that operates the Suez Canal has already said the crisis has cost the Egyptian government up to $90 million in lost toll revenue as hundreds of ships waited to pass through the blocked waterway or took other routes. If any agricultural goods went bad, producers may look to recoup lost revenue.

Source: International New York Times March 31, 2021 10:54 UTC