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Container ships began to stall outside ports for days or weeks. This surge spread inland as rail and trucking services struggled under the increased load alongside a labor shortage. The United States trucking industry was already short on drivers before the pandemic , with high turnover and subpar compensation.
In March 2021, the Suez Canal was blocked for six days by the Ever Given, a container ship that had run aground in the canal. [4] The 400-metre-long (1,300 ft), 224,000-ton, 20,000 TEU vessel was buffeted by strong winds on the morning of 23 March, and ended up wedged across the waterway with its bow and stern stuck on opposite canal banks, blocking all traffic until it could be freed. [5]
Ever Given (simplified Chinese: 长赐轮; traditional Chinese: 長賜輪; pinyin: Cháng Cì Lún [6]) is one of the largest container ships in the world. The ship is owned by Shoei Kisen Kaisha (a ship-owning and leasing subsidiary of the large Japanese shipbuilding company Imabari Shipbuilding), and is time chartered and operated by container transportation and shipping company Evergreen ...
The Dali's 22 crew members were unharmed in the crash but have had to remain on board ever since the crash — including during a controlled explosion. U.S. regulations state that any ship must ...
Engineers on Monday “partially refloated” the colossal container ship that continues to block traffic through the Suez Canal, a canal services firm said.
The stock market has a 100% success rate when it comes to recovering from downturns, and since nothing is guaranteed when investing, that's a pretty remarkable track record.
Souk Al-Manakh stock market crash: Aug 1982 Kuwait: Black Monday: 19 Oct 1987 USA: Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos ...
A USA TODAY review of global maritime incidents, ship inspection data, casualty reports and other publicly available documents reveal accidents, dangerous equipment and a string of injuries and ...