UPDATED 10:16 AM PT – Wednesday, March 31, 2021
The president of Egypt assured the world that everything is back to normal at the Suez Canal. In a news conference Tuesday, Abdel Fattah al-Sisi said the traffic of delayed ships will hopefully be cleared in three days, although experts have said it could take much longer to resolve.
His remarks came after the massive container ship called the Ever Given ran aground in the major waterway, resulting in the global trade disruption for nearly a week. He added, the Egyptian government is working on connecting the Red Sea and the Mediterranean.
“What I want to say is that we (want to) connect the Mediterranean with the Red Sea through a network of ports and monorail, (which is) a very modern and advanced railway network,” said President al-Sisi.
Meanwhile, around 400 ships are reportedly estimated to have been stuck behind the Ever Given and may take weeks to be cleared. This comes as global insurers said they are expecting to see a “large loss” after the massive cargo ship blocked the vessels.