NewsThe ship that broke global trade

May 29, 2023

The six-day stranding of the Evergreen in the Suez Canal last March did something incredibly rare: it made regular people care about shipping, the means by which more than 80% of the world’s goods are transported. It took only one wrong turn for the container ship to bring a critical trading artery to a standstill.

This is how a $1 billion worth of cargo got stuck, freed and impounded as the courts took over.