Ever Given container ship is pictured in Suez Canal in this Maxar Technologies satellite image taken on March 26, 2021. Maxar Technologies/Handout via Reuters
SINGAPORE: As soon as retail investor Calvin Froedge heard that a massive container vessel was stuck in the Suez Canal, he pulled his car over to the side of the road, opened up his laptop and started buying shipping stocks.
“It’s a huge shipping chokepoint, ” said the American, who lives near another important waterway in Panama. “This is actually kind of a black swan thing.”
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