The canal's importance was reaffirmed in March, when the massive cargo ship "Ever Given" got stuck there, causing a major commercial disaster.
Considering that the effect on the arrival of goods from Asia to Israel was not significant, one still needs to remember that nonetheless there was a delay of some two weeks.
About 50 ships are waiting to be unloaded in the two port cities, with ships waiting about 10 days in Ashdod and about four days in Haifa.
International supply chains were thrown into disarray when the 400-metre-long (430-yard) Ever Given ran aground in the vital trade artery on March 23.
A review of official trade data shows that in the first two months of the year Turkey's exports to Saudi Arabia plunged 93% annually to $38 million.
Egypt's President Abdel Fattah al-Sisi has ordered preparations for the possible removal of some of the ship's cargo to help refloat it, SCA Chairman Osama Rabie told Egypt's Extra News.
Vesselfinder.com spokesperson Mihail Mitev confirmed to VICE News that the ship tracking data was accurate, saying "there is no room for some kind of conspiracies or false data.”
The sky is the limit in all these new connections, from coffee to gold and diamonds.
Earlier this week it was my privilege to be on an online panel discussing how to protect yourself and look out for investment scams and other online frauds.
Kaufman’s book, which weaves a page turner of a tale, restores the two legendary families from Baghdad to their rightful place as masters of their universe during a bygone era.