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What you need to know:Tracking the Giant Ship Blocking One of the World’s Main Trade Lanes
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Insurers May Be on Hook for Millions Tied to Suez Canal Crisis

  • Charterers of delayed vessels likely to pay for extra time
  • The ship itself is probably covered for up to $200 million
Ever Given stuck in the canal north of the city of Suez, Egypt on March 26.

Ever Given stuck in the canal north of the city of Suez, Egypt on March 26.

Source: Maxar

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There were potentially thousands of insurance policies taken out on the steel boxes stacked high on the massive boat blocking the Suez Canal and upending world trade. They could result in millions of dollars in payouts -- but first, a game of passing the buck.