BizBeat Ep. 92: Who will pay for the blockage in the Suez Canal?
It's been days since the container ship "Ever Given", wedged in the Suez Canal for almost a week, was finally freed. But the impact of the closure will linger for several weeks as the backlog works its way through various ports. Although the rescue took six days, it may take several years to figure out who should pay for this. Those involved, like shipping firms, insurance companies, the Egyptian government and lawyers involved, have their own set of evaluation and judgment standards. In addition to that, the traffic jam has sounded an alarm for the global supply chain. CGTN's Lily Lyu looks into the Suez Canal blockage.