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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: robert b furman who wrote (7429)3/28/2021 1:27:30 PM
From: elmatador  Read Replies (2) of 13784
 
You have heard it all over the past 6 months:
-- The Global shortage in computer chips 'reaches crisis point'
-- The extraordinary cascade of events caused by the pandemic has led to a severe container shortage crisis.

And now world's biggest container ship blocks the Suez Canal?

The shorter distance via the Northern Sea Route (NSR) comparatively accelerates the route's cost efficiency by 42% and leads to curb the carbon dioxide (CO2) emissions by 52%.
In comparison to the traditional route of Suez Canal, cost savings by using the (NSR) could be as large as about 4.7 million US dollars from a full round voyage between the certain ports.

A photo is worth 1,000 words.
Not only world's biggest container ship blocked the Suez Canal this week.
They even mocked it with this excavator picture !

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