Saturday, July 6, 2024

Ever Given ship blocking Suez Canal now partially freed

Must Read

Ever Given Ship ‘partially refloated’ but still stuck in Suez Canal

The colossal container ship, Ever Given, which has been stuck in the Suez Canal for six days has “partially refloated” without noting when it would be completely freed up. 

Satellite data from MarineTraffic.com showed that the ship’s bulbous bow had been partly wrested from the shore although it remained stuck at the canal’s edge.

At least 14 tug boats dislodged the bow of the 1,300-foot Ever Given, operated by Taiwan-based Evergreen Group, from the eastern bank of the canal.

“We are not finished yet, but it has moved,” said Osama Rabie, chairman of the Suez Canal Authorit, adding that tugboats would continue for another hour or so to ensure the ship could resume moving up the canal.

How much has the blockage cost?

  • About 12% of global trade, around one million barrels of oil and roughly 8% of liquefied natural gas that pass through the canal each day has been blocked for six days.
  • The week-long blockage has caused about $9.6 billion in commercial losses per day, according to economic estimates.

Latest

Nearly 30,000 people evacuated as Northern California wildfires spreads amid heatwave

Raging wildfires in northern California has forced nearly 30,000 residents to evacuate as the state endures a brutal heatwave.

More Articles Like This