Bet On The Future Of The Suez Canal After Its Blockage by Ever Given

The Suez Canal has been making headlines for the last two weeks. A giant container ship Ever Given has blocked one of the world’s most important trade routes but was finally set free. However, there are predictions that similar accidents can happen again, so you can bet on the future of the Suez Canal.

The accident on the Suez Canal was a number-one topic of discussion in March 2021. Not only news sites but online gambling sites in Egypt highlighted the blockage of one of the main trade routes on the planet. In this article, we will explain what happened and evaluate the chances of similar accidents repeating again

The Suez Canal was blocked by Ever Given last March 

If you have missed the latest news for some reason, here is a brief explanation of the accident on the Suez Canal dividing Africa from the Sinai Peninsula.

On March 23, a giant container Ever Given blocked the main waterway in the world. A 200.000-tonne ship failed to maneuver due to strong winds and ran aground. As a result, the canal became unavailable for other trade vessels to pass. Hundreds of ships and containers with various goods were trapped as long as the Ever Given’s bow was bumping against the eastern wall with its stern looking lodged against the western wall of the canal.

The Ever Given was immediately surrounded by tug boats trying to set the vessel free. At the same time, excavators were digging away at the dirt that surrounded the container. An image of a tiny machine trying to set free a giant ship became viral on the Internet, while Egyptian authorities and shipping companies were far from having fun. According to some sources, the accident became “the most expensive traffic jam ever”.

Setting Ever Given free

On March 29, 2021, the Ever Given was finally released from its trap. Around 300 tankers and ships were able to pass through the canal but there are still many vessels waiting for their turn. According to predictions, all the remaining ships that stuck in the Suez Canal will pass through it by the weekend.

As a result of the accident, the estimated damage caused by the Ever Given reached $90 million for Egypt only and in the first days. To say nothing about other companies whose ships didn’t deliver goods in time. Online sportsbooks in Egypt have even revealed odds on the next vessel to block the waterway as it turned out to be so easy to damage the world economy. You can also bet on the future of the Suez Canal.

How can you bet on the future of the Suez Canal?

Although the Ever Given’s story received a relatively happy end, the situation can repeat itself. As it turned out, a vessel can easily block one of the main waterways in the world. As a result, it may cause another series of economic and traffic problems. 

1xBet Sportsbook suggested that some of the other ships that regularly pass through the canal can block it again. Such a situation is really possible as it is enough for another giant vessel to do one wrong move. Also, strong winds can blow it off as they did to Ever Given. Therefore, the odds for a similar situation to take place in the future are 10.00.

At 1xBet, you can not only bet on the future of the Suez Canal. Besides it, there are odds on the Ever Given to cause troubles somewhere else on the planet. With 10.00 odds, the vessel is likely to block the Welland Canal in Canada. By another version, the giant ship will run aground in the Suez Canal again in 2021 if it holds a course for it again. Hopefully, it will not.

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