Cargo container ship turns sideways in Suez Canal, blocking traffic in key shipping waterway

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CNBC Television published this video item, entitled “Cargo container ship turns sideways in Suez Canal, blocking traffic in key shipping waterway” – below is their description.

A cargo container ship that’s among the largest in the world has turned sideways and blocked all traffic in Egypt’s Suez Canal, officials said Wednesday, threatening to disrupt a global shipping system already strained by the coronavirus pandemic. The Egyptian official said tugboats hoped to refloat the ship and that the operation would take at least two days. Around 10% of the world’s trade flows through the waterway and it remains one of Egypt’s top foreign currency earners.

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CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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