Traffic in Suez Canal Resumes After Stranded Ship Refloated

Traffic in Suez Canal resumes after stranded ship refloated
A container ship which was hit by strong wind and ran aground is pictured in Suez Canal, Egypt March...

Delivery traffic through Egypt’s Suez Canal continued on Monday after a giant container ship that had blocked busy waterways for almost a week in a reflected, said the canal authority. The 400 meters ship became jammed diagonally in the southern part of the canal amid strong winds earlier on Tuesday, stopping traffic on the shortest delivery routes between Europe and Asia.

Footage on the local television station showed the ship moving slowly in the middle of the canal. Station, Extranews, said the boat moved at a speed of 1.5 knots. “Admiral Osama Rabie, Chairperson of the Suez Canal Authority (SCA), announced the resumption of maritime traffic at Canal Suez after the authority managed to save and float the giant Panama container ship ever given,” said a statement from SCA. “She’s free,” said an official involved in rescue operations.


After dredging and excavation worked over the weekend, the rescue of workers from SCAs and teams from the Dutch company Smit Salvage had managed to polish the previous ship on Monday using tugboats, said two six sources. Evergreen Line, who hired ever given, confirming the vessel was successfully referred and said it would be repositioned and examined for the sea’s feasibility.

At least 369 vessels are waiting for the canal transit, including dozens of container ships, bulk operators, oil tankers, and liquid natural gas (LNG) or liquid oil gas vessels (LPG), said Rabie SCA. Authority said before it would speed up the convoy through the canal after the container ship was freed. “We will not waste one second,” Rabie told Egypt’s television.

He said it could take two and a half to three days to clear backlogs, and the canal source said more than 100 ships would be able to enter the channel every day. The MAERSK delivery group said the disruption of a knock-on global delivery could take weeks or months to decompose.

Egyptian President Abdel Fattah al-Sisi, who openly commented on the blockage, said that Egypt had ended the crisis and ensured traffic flow through the canal. Oil prices are about one percent lower at $ 63.95 per barrel. Evergreen Marine Corp. shares – the vessel’s lessor – were up by 1.75%.

About 15% of world shipping traffic transits through the Suez Canal, an essential source of foreign currency income for Egypt. The cessation costs a canal fee of $ 14- $ 15 million a day. The shipping rate for oil products is almost double after the ship became stranded, and blockages disrupted the global supply chain, threatening expensive delays for companies that have dealt with Coronavirus limitations. Maersk includes senders who change cargo loads around the Cape of Good Hope, add up to two weeks for travel and additional fuel costs.

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