What percentage of global maritime trade and what fraction of international container vessel traffic typically transits through the Suez Canal under normal global shipping conditions?

Answer and explanation

Correct answer: B. Approximately 12% of global trade and nearly 30% of global container traffic

  1. Step 1: The Suez Canal is the shortest maritime route connecting Europe and Asia without circumnavigating the African continent via the Cape of Good Hope.
  2. Step 2: It typically handles approximately 10% to 12% of total world maritime trade volume, over 20% of seaborne oil shipments, and nearly 30% of global containerized shipping.
Answer
Approximately 12% of global trade and nearly 30% of global container traffic.
Why not the others: 'Around 2%' is characteristic of minor canals; 'Around 5%' understates the canal's strategic importance; 'Around 25%' overstates the share of total global seaborne cargo.

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