The Indian government has chalked out a four-point action plan to deal with the economic crisis caused by the blockage of the Suez Canal by Evergreen’s giant 400-metre long containership Ever Given.

An extended blockage of the Suez Canal forcing container lines to reroute all services via the Cape of Good Hope would require an additional 6% of global fleet capacity according to analysts Sea Intelligence.

Container lines are diverting a growing number of vessels via the Cape of Good Hope, and in some cases simply turning services around, as the Suez Canal remains blocked by the grounded Ever Given.

The queue of vessels waiting to transit the blocked Suez Canal grows as efforts to refloat Ever Given continue.

Stricken containership Ever Given’s size means salvors will need to work with ballast and cargo left onboard, according to a local consultant.

The Suez Canal remains blocked by the grounded container ship Ever Given, which has resisted efforts to refloat it since Tuesday morning.

The Suez Canal has been blocked by a grounded container ship, with no progress made to free it and no indication of when transits will resume.