![]() ![]() However, a lengthy delay could further stretch supply chains that have already been disrupted by covid-19. What the hold-up means for global trade: If the situation is cleared up within a day or two, global shipping won’t be hit too hard, at top editor of industry stalwart Lloyd’s List Maritime Intelligence tells Bloomberg. “Even a two-day delay would further add to the supply chain disruption slowing the delivery of cargo to businesses across the UK and Europe,” Greg Knowler, editor at JOC Group, tells Bloomberg. The situation is made all the more time-sensitive due to the sheer volume of cargo that passes through: At least 12% of global trade goes through the canal. Shipping companies are still mulling the possibility of re-routing cargoes around the Horn of Africa, unnamed shipping sources told Reuters. There were also 17 oil tankers carrying nearly 8.8 mn barrels of liquified natural gas, Bloomberg reported, citing figures from research firm Kpler. The line-up included 40 bulk carriers hauling commodities ranging from crops to dry goods such as cement, in addition to eight ships carrying live animals and a water tanker. Elselehdar explained that difficult weather conditions including visibility-reducing fog - not shoddy sailing - was likely the main cause of the accident.Īlmost 185 vessels were at anchor waiting to transit the canal as of yesterday morning, which is when data on the line-up was last made available. Who was sailing the MV Ever Given? Not Egypt’s first woman captain, Marwa Elselehdar, who denied rumors that she was on the bridge of the Ever Given, telling Al Hayah Al Youm’s Mohamed Sherdy last night that she wasn’t even on board the vessel ( watch, runtime: 60:33). In a worst-case scenario, they may have to unload some of the containers onboard the vessel. The salvors may have to lighten the weight of the ship to re-float and tow it from the bank by removing the ballast water that helps keep ships steady at sea, a spokesperson for SMIT’s parent company told the business information service. The rough size of a skyscraper (on its side), the Ever Given is one of the largest cargo ships in the world, the AP reports.Īn eight-person team from Dutch marine response firm SMIT Salvage has arrived to help dislodge the 224k-tonne ship entrenched in the Canal’s wall, Bloomberg reported separately. Shipping activity remains at a standstill at the critical global trade artery that connects the Mediterranean and the Red Sea. ![]() Efforts to dislodge the 400-meter-long mega vessel wedged across the Suez Canal that is blocking all marine traffic will resume this morning after tugboats failed yesterday to refloat the ship, Bloomberg reports, citing a Suez Canal Authority (SCA) source. ![]()
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