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World Massive ship blocking the Suez Canal has been freed

07:46  29 march  2021
07:46  29 march  2021 Source:   businessinsider.com

Opinion: Suez Canal traffic jam blocks the world's jugular vein

  Opinion: Suez Canal traffic jam blocks the world's jugular vein A failure of machinery, human error or natural events -- high winds and reduced visibility - may have caused Ever Given to run ashore in the Suez Canal, writes Salvatore R. Mercogliano. But its impact will resonate far from its banks as it has blocked the jugular of one of the largest trade routes in human history. The Suez Canal was opened in November 1869 to great fanfare after 10 years of excavation. A joint endeavor by France and Great Britain, it provided a shorter route to Asia than having to circumnavigate Africa. Connecting the Mediterranean Sea and the Indian Ocean via the Red Sea, the vital waterway was essential to maritime commerce.

a large ship in a body of water: Stranded container ship Ever Given, one of the world's largest container ships, is seen after it ran aground, in Suez Canal, Egypt March 26, 2021 Suez Canal Authority via Reuters © Provided by Business Insider Stranded container ship Ever Given, one of the world's largest container ships, is seen after it ran aground, in Suez Canal, Egypt March 26, 2021 Suez Canal Authority via Reuters
  • After being stuck since Tuesday, the Ever Given is now afloat.
  • The massive cargo vessel caused a blockage in the Suez Canal, straining global trade.
  • It's still not known when the canal will be open the more than 400 ships waiting to enter.
  • See more stories on Insider's business page.

A massive container ship stuck in the Suez Canal has been refloated, Bloomberg News reported, citing shipping services provider Inchcape.

Tugs and dredgers try to free megaship blocking Suez Canal

  Tugs and dredgers try to free megaship blocking Suez Canal Tugboats and dredgers were working Friday to free a giant container ship blocking Egypt's Suez Canal for a fourth day, forcing companies to re-route services from the vital shipping lane around Africa. The MV Ever Given, which is longer than four football fields, has been wedged diagonally across the entire canal since Tuesday, shutting the waterway in both directions. The blockage has caused a huge traffic jam for more than 200 ships at either end of the 193-kilometre (120-mile) long canal and major delays in the delivery of oil and other products.

The Ever Given had been stuck sideways across Egypt's canal since Tuesday, clogging a vital artery for the global economy and forcing multiple ships to turn around and reroute through Africa.

Tugboats are now working on straitening the vessel's course so it can continue moving up the canal, the Wall Street Journal reported.

"It is good news," Osama Rabie, chairman of the Suez Canal Authority, told The Journal. "We are not finished yet, but it has moved."

It's unclear how soon the canal would be opened up to the more than 400 ships that are stuck waiting for it to clear.

The 1,300 foot-long cargo ship, one of the world's largest, became wedged in the Suez Canal early Tuesday morning. Egyptian officials initially blamed the weather, including strong winds and a dust storm. But on Saturday, officials said the logjam could be the result of "technical or human errors."

Five things to know about the cargo ship blocking the Suez Canal

  Five things to know about the cargo ship blocking the Suez Canal A massive, 1,300-foot cargo ship remains stuck in the Suez Canal after running aground nearly a week ago and becoming wedged sideways in the waterway, blocking all traffic through the vital shipping lane and causing major traffic jams in the Mediterranean and Red Seas.It soon became clear that major trade delays were on the horizon and would grow with each day the ship wasn't freed.Experts and officials are exploring multiple options to refloat the skyscraper-length vessel, but as of Sunday afternoon its bow section remained wedged in sand and rock.Here are five things to know about the grounded ship and the broader issues it is creating around the world:1.

The nearly six-day blockage forced some ships to take a costly, dangerous detour thousands of miles around the southern tip of Africa, and was reportedly costing the global economy $400 million an hour in delayed goods.

Tugboats and excavators had been working to free the ship for days with little success.

This is a developing story. Check back for updates.

Read the original article on Business Insider

Trolls attack Egypt's first female sea captain after Suez Canal ship mishap .
Egypt's first female sea captain says she was skewered on social media although she was working on a ship hundreds of miles from the Ever Given.The controversy comes as the canal authority announced that the backup of ships was finally cleared Saturday, 11 days after the Ever Given became wedged across a narrow section of the canal and six days after the ship was freed.

usr: 0
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