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Global trade gets rerouted, supply disrupted with Suez Canal still blocked

Swedish furniture giant Ikea and yellow bulldozer-maker Caterpillar Inc. are among the many international companies facing supply-chain headaches

Suez Canal
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With the container ship Ever Given likely to remain stuck in the Suez Canal until next week, it’s only the start of the rearranging of global trade

Salma El Wardany, Ann Koh, Hanna Hoikkala and Jinshan Hong | Bloomberg
An abrupt starboard turn in the Atlantic Ocean is the perfect illustration of the trade disruption caused by the blockage of one of the world’s most important waterways.

The Marlin Santorini, a tanker capable of carrying 1 million barrels of oil, switched destinations away from the Suez Canal, turned south and appears to be heading around Africa.

The diversion could add about 6,000 miles to the ship’s journey and something like $300,000 in fuel costs, but it’s just one of hundreds of individual setbacks suffered this week by vessels that carry everything from raw materials to finished goods around the