Economic Loss at Maritime Choke Points
Ever had a bad week? At least you’re not the captain of the Ever Given—the Empire State Building-sized container ship that brought the global economy to its knees for nearly six days by getting stuck in the Suez Canal. Heralded as “the ship that launched a thousand memes,” the Ever Given sparked some of 2021’s best online content so far. Hilarious and absurd? Definitely. But a joke? Absolutely not—the blockage cost $9.6 billion to global trade each day. The Ever…