In this episode of Global Eye, CNBC-TV18 takes a quick look at major shipping crisis in Egypt’s Suez Canal. Suez Canal connects the Mediterranean to the Red Sea. It is the shortest sea link between Asia and Europe and it accounts for the 12 percent of global trade.

How will the Suez Canal blockage affect supply chains and maritime trade? CNBC-TV18’s Parikshit Luthra spoke to Mark Szakonyi, Executive Editor, JOC Maritime & Trade at IHS Markit.

Watch this video for more.

(Edited by : Bivekananda Biswas)

First Published:Mar 26, 2021 9:44 PM IST