Categories
Weekly Summaries

29th of March – 4th of April

The Ever Given is Freed

The giant container ship, which got stuck in the Suez Canal on March 23rd, has finally been freed. Completely blocking one of the most important trade routes for a period of six days, some argue that the blockage held up to $10 billion in trade each day as hundreds of cargo ships had to wait to pass through the Suez Canal. The economic impact is not the only consequence of the blockage, however. As global trade increased, ship sizes have increased as well. In fact, the Ever Given is longer than the Empire State Building in New York City is tall. The blockage has now shown that bigger is not always better, perhaps impacting how cargo ships will be built in the future.

Other News

  • The trial over the death of George Floyd began.
  • An ambush in a port town called Palma in Mozambique last week has left dozens of people dead and forced tens of thousands to flee. The Islamic State has since claimed responsibility.
  • Widespread famine is threatening to come up in Yemen. In the previous years, foreign aid helped cope with the famines, but with the current situation resulting in more countries focusing on their internal matters, the famine could prove to be disastrous in what is already the Arab world’s poorest country. 
  • Myanmar’s security forces have started attacking the media, arresting 56 reporters last week.
Categories
Weekly Summaries

22nd of March – 28th of March

Container Ship Gets Stuck in the Suez Canal

By now you may have seen the pictures that are spreading all over the Internet. The ship, which is about as long as the Empire State Building in New York City is high, has been stuck in the Suez Canal since Tuesday evening. It seems as if exceptionally strong winds forced the ship aground one of the Suez Canal’s banks. Because of its tremendous length, this meant that the container ship is now effectively blocking the passageway of one of the most important canals in the world, connecting the Red Sea to the Mediterranean. Over 100 ships are now stuck at either end of the canal, carrying oil and different goods destined for ports around the world. Delays in the transportation of materials from Asia to Europe are being expected. Unfortunately, it does not seem like the container ship will be dislodged any time soon—some suspect that it may take weeks or maybe even months.

Elections in Israel

This past Tuesday, Israel saw the country’s fourth elections in two years. Netanyahu, who is the current Prime Minister, is currently facing corruption charges, but hopes that his policies dealing with the coronavirus outbreak will help him win. Israel has put a vaccination program in place that is far superior to other countries and has been able to successfully vaccinate a large number of people. Recent counts suggest, however, that Netanyahu will have to form a coalition as he only received 52 of the required 61 seats to form a majority. Several parties which jointly hold 57 seats have already announced that they will form a block against Netanyahu, while some parties collectively holding 11 seats have not yet published their decision.*

Other News

  • Indian farmers have camped outside New Delhi for four months now, protesting against the subsidy system that is considered to be “broken” by many
  • An attack by gunmen left 137 people dead in Niger

*according to the news distributor Haaretz