Cargo Ship Ever Given Blocks Suez Canal, Could Take Weeks To Move

Ever Given, the massive container ship, which ran aground in the Suez Canal in Egypt, continues to be stuck as tug boats tried to dislodge the ship on Friday. The ship became horizontally wedged in the waterway following heavy winds. The cargo carrier is more than 1,300 feet long, about 193-feet wide and weighs more than 200,000 tons. One end of the ship was wedged into one side of the canal, with the other stretching nearly to the other bank. Many tugboats were sent to the scene to assist in the re-float operation, which can take days or longer. Peter Berdowski, CEO of Dutch company Boskalis,…

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HEDGE accordingly