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Too early to tell impact from Suez Canal blockage The Edge 2 hrs ago Kamarul Azhar © Provided by The Edge IT could have been a scene straight out of Hollywood. A giant vessel with the capacity to carry 20,388 TEUs, or 20ft equivalent units, stuck in the middle of one of the world’s busiest shipping choke points and causing immeasurable delays to the transport of US$3 billion worth of goods per day. Registered in Panama, the MV Ever Given has been wedged in the Suez Canal since March 23, when it ran aground after experiencing power failure, making the vital waterway inaccessible to vessels trying to reach Europe from Asia and Australia, and vice versa.

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