The pandemic hit the shipping world is already grappling with tremendous congestions and traffic when the Suez Canal event hit them. The maritime industry is staring at a huge delay and backlog due to stranded Evergreen stuck in the Suez Canal.
The owners and insurers of the ships stuck in this logjam are staring at lawsuits and claims amounting to millions of dollars. Experts fear that a loss is inevitable as claims are bound to arise. Even if the evergreen ship is refloated quickly there will...