A few days after the Ever Given was refloated, after having been grounded since March 23, vessels began moving again through the Suez Canal but progress has been slow. On April 1, about 250 vessels were waiting to pass. Roughly 10% of the world’s maritime trade and 25% of all cargo ships on the planet pass through the Suez Canal. According to Andrew Lorimer, CEO of Datamar, it should take about a month to resolve the problems generated by the blocked channel. He states that for Brazil, the main route affected is travel to the Middle East and the Far East. As a result, the most affected commodity was Brazilian meat exported to the countries of the Middle East. According to the president of the Suez Canal Authority, Osama Rabie, it is estimated that global daily losses of about US$ 14 -15 million per day have been recorded as a result of the blocked canal. Given these numbers, another problem will be the insurance claims. According to Lloyd’s List, 90% of marine cargo is not insured in the event of a delay.

Sources: O Globo, UOL and BBC/Datamar News