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Suez Canal blockage: Things which will get costlier as The Ever Given remains stuck

New Delhi: As the giant cargo ship The Ever Given remains stuck in the Suez Canal, blocking the passage for several shipments, its repercussions are soon going to be felt by people across the world.

The canal is one of the busiest waterways facilitating about 12 per cent of the global trade. The blockage has caused delays in shipment of a wide range of products that people use in their day to day lives.

Hundreds of cargo ships remain stranded waiting for the passage to be cleared. Several ships have taken alternative routes, which could add up to 15,000 miles or about two weeks of extra journey.

The crisis will likely result into shortage of crucial supplies. Things we easily get in a department store, will become hard to come by.

Here are some of the items that would likely get costlier soon:

Zee Media Bureau|

Updated:Mar 28, 2021, 06:33 PM IST

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Loss of $400 million an hour

According to experts, the blockage is costing about $400 million an hour and it could still take weeks before the impasse is resolved. Apart from, toilet paper and coffee, a lot of other daily items could become scarce. The efforts to make The Ever Given afloat are underway.

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Fuel

As if the soaring prices of petrol and diesel wasn’t bad enough, the Suez Canal blockage could make things even worse. The fuel prices could skyrocket in times to come, if the supply chain is not restored soon enough. The canal reportedly accounts for about 5 to 10 per cent of global shipments of crude oil and liquefied natural gas.

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Furniture

If you are planning to buy furniture for your home or office, you might have to take a rain check as you could end up paying a lot more than what it would cost usually. The Suez Canal jam has forced other ships carrying such shipment to wait in line.

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Coffee

Several shipping containers carrying robusta coffee which is used to make Nescafe instant coffee have been left stranded due to the blockage. The shortage could be felt not just in Europe but worldwide.

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Toilet Paper

According to media reports, the Suez Canal jam would delay the shipment of wood-pulp which is used in manufacturing toilet paper. There may soon be shortage of TPs in stores in various places.