Israel is taking advantage of the Suez Canal accident to push its alterntives April 8, 2021 at 3:32 pm | Published in: Africa, Article, Egypt, Opinion The Floatation Works of the Grounding Vessel in the Suez Canal on 25 March 2021 [Suez Canal Media Center] April 8, 2021 at 3:32 pm There has been a lot of anxiety due to the closure of the Suez Canal caused by the giant container ship MV Ever Given running aground and blocking the waterway, leaving up to 400 other vessels in a queue to pass through. The cost to global trade has been put at billions of dollars. In turn, Egypt has lost several million dollars each day in terms of lost tolls. The canal gives geopolitical importance to Egypt and its role in the region and the world. The incident has affected the canal's reputation as one of the world's prime waterways through which 13 per cent of international trade flows.