Tag Archives: Suez

A giant container ship that found itself stuck sideways in the Suez Canal has finally been freed after creating a maritime traffic jam and disrupting global shipping. But the incident spurred some online to claim that it was no accident and that Google Earth suspiciously blocked people from seeing the canal. “Why’d Google earth block the Suez Canal?” one Facebook post questions while displaying screenshots from Google Earth that appear to show a large portion of the canal in a starkly… Source link

TipRanks Goldman Sachs Bets on These 3 Stocks; Sees Over 50% Upside Potential What goes up must come down, as we all know. This fact of physics is the underlying worry of the stock market, that fuels our suspicions of bubbles. But investment firm Goldman Sachs doesn’t believe we should worry; the firm’s chief global equity strategist Peter Oppenheimer gives several reasons to expect that the market’s current upward trend is real. His key points include the equity risk premium, the real… Source link

The mammoth cargo ship marooned in a busy maritime thoroughfare has spawned lots of viral memes, but has the potential to inflict damage on a global economy that’s still recovering from the shock of the COVID-19 pandemic. The improbable crisis in the Suez Canal — a major chokepoint for consumer goods and natural gas shipments — involves the 430-yard long Ever Given, and is now entering its fourth day. The Japanese firm that owns the ship is working frantically with Egyptian authorities… Source link

(Bloomberg) — Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis. Dislodging the container vessel blocking the Suez Canal will take until at least Wednesday, a longer effort than initially feared that will amplify the disruption to global supply chains for everything from oil to grains to cars. The extended halt to traffic through one of the world’s most… Source link

  Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, March 26, 2021 JPMorgan suggests a trade to hedge against a worst case scenario Images of the massive 400 meter-long container ship Ever Green running aground and blocking the Suez Canal are stunning. And the world is quickly learning how crucial that chokepoint is to global trade. “The immediate impact of delays in the canal will center on European-Asian trade, adding delays to already… Source link