we begin with the news that everyone has been hoping for, especially those who work in global trade. it s reported that a container ship, which has been blocking the suez canal since last tuesday, has been refloated. the ship was successfully re floated at 4:30am local time and was being secured at the moment, inchcape, a global provider of marine services said on twitter. ever given has stopped all shipping along one of the world s most important trade routes since tuesday of last week. about 12% of global trade, around one million barrels of oil and roughly 8% of liquefied natural gas pass through the canal each day. the blockage has held up an estimated $9.6 billion of goods each day. stephen askins is partner at tatham & co, maritime law specialists. good to see you. stephen, it would seem we have the good news we have been waiting for at last. what are the logistics, do you think? it is refloated but now needs to be moved out the way? i refloated but now needs to be move
Steve Broad confirmed as new Invercargill city councillor by a wide margin stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.