As 238 vessels remain queued up at the world's busiest trade route, analysts estimate the Suez Canal blockage is delaying business worth $400 million an hour or $9.6 billion a day.
According to the World Shipping Council, the Suez canal’s daily vessel throughput capacity is 106. If the canal is closed for two days, it will then take two additional days after re-opening to clear the backlog. The longer the delay, the longer it will take to move out the vessels.
The Suez Canal is one of the busiest trade routes in the world, with approximately 12% of total global trade moving through it. Energy exports like liquified natural gas, Crude oil, and refined oil make up 10% of global shipments.