After Suez Canal crisis, EU’s bid to cut carbon emissions in shipping threatens Asia-Europe trade

Apr 1, 2021 | INVESTING

When the 220,000-ton megaship Ever Given ran aground in the Suez Canal last week, it served as a timely reminder of the importance of Asia-Europe trade.The vast container ship blocked the canal for use, prompting a flurry of activity to restart this vital link in the global supply chain. The canal itself is one of the most important waterways in the world, linking the Mediterranean with the Red Sea and shipping lanes to Asia. It is a 120-mile example of how crucial trading links are between the…

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