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Short term implications could include less of an appetite for what was not too long ago considered the best of the cargo business to underwrite: Ocean transit. (Credit: Planet Labs Inc. via AP) Short-term implications could include less of an appetite for what was not too long ago considered the best of the cargo business to underwrite: Ocean transit. (Credit: Planet Labs Inc. via AP)

The running aground of the 1,312-foot Ever Given cargo ship in the Suez Canal was a historic event but only just the latest in a growing number of cargo transportation issues.

More than 400 ships were stranded during the six-day blockage of the canal, which is one of the world’s busiest channels, handling roughly 30% of container volume transits and the shortest Asia-Europe trade route.

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