Salvage teams from Netherlands and Japan called in to help refloat Ever Given, which is blocking canal

<p>There is a temptation to view the stranding of giant cargo ship the Ever Given in comical terms. You’ve probably seen the memes already.</p>

You can't miss those massive letters written on the side of the vessel, but that's not the name you're reading. 

A 400-metre cargo ship has created a major traffic jam after it ran aground in the middle of the Suez Canal triggering a surge in oil prices.

The accident which occurred in one of the world’s busiest shipping canals could cost the ship’s owner hundreds of…

Oil prices have surged more than five per cent overnight after a container ship ran aground in the Suez Canal – one of the world’s busiest shipping routes.

The 400-metre cargo ship has created a major traffic jam after it ran aground on Tuesday.

The accident…

The firm working to dislodge the container ship that’s blocking traffic in the Suez Canal has warned that “it might take weeks” to free the tanker, comparing it to trying to remove “an enormous beached whale.”

The owner and insurers of one of the world's largest container ships stuck in the Suez Canal face claims totalling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday.

Social media users shared memes mocking the plight of the Ever Green, a container ship stuck in the Suez Canal. The Egyptian authorities have been working to move the ship since Tuesday.

At least 150 ships carrying cargo worth an estimated $29billion are now caught up in the logjam caused after container vessel Ever Given ran around in the Suez Canal on Tuesday, where it remains stuck.

The owner and insurers of the 224,000-tonne Ever Given face claims totalling millions of dollars even if the ship is refloated quickly, industry sources said.

Necessary and sufficient conditions

All of us traders wish we had a magic ball in which we could see the future moves of the financial markets. Alas, that is not the case and we have to stick to our golden rules of due diligence, diversification, hedging, rebalancing and continuous monitoring.…