Moderators Moderator_02 Posted March 24, 2021 Moderators Share Posted March 24, 2021 Quote Suez Canal blocked as massive cargo ship turns sideways The Ever Given had listed its destination as Rotterdam in the Netherlands prior to getting stuck in the canal By Ken Martin Shipping traffic has essentially been shut down in Egypt's Suez Canal. A cargo container ship considered one of the largest in the world has turned sideways and blocked all traffic, according to officials. The situation is threatening to disrupt a global shipping system already strained by the coronavirus pandemic. The MV Ever Given is a Panama-flagged container ship that carries trade between Asia and Europe. The ship became grounded Tuesday. Evergreen Marine Corp., a major Taiwan-based shipping company that operates the ship, said in a statement provided to The Associated Press that the Ever Given had been overcome by strong winds as it entered the Suez Canal from the Red Sea. The ship reportedly did not lose any of its containers. This satellite image from Planet Labs Inc. shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, Tuesday, March 23, 2021. A cargo container ship that's among the largest in the world has turned sideways and blocked all traffic A Egyptian official, who spoke to the AP on condition of anonymity as he wasn't authorized to brief journalists similarly blamed a strong wind in the area for the incident. Egyptian forecasters said high winds and a sandstorm plagued the area Tuesday, with winds gusting as much as 50 kph (31 mph). The Ever Given's bow was touching the canal's eastern wall, while its stern looked lodged against its western wall, according to satellite data from MarineTraffic.com. Several tug boats surrounded the ship, likely attempting to push it the right way, the data showed. Canal authorities could not be immediately reached by the AP early Wednesday. The Ever Given had listed its destination as Rotterdam in the Netherlands prior to getting stuck in the canal. Opened in 1869, the Suez Canal provides a crucial link for oil, natural gas and cargo being shipping from East to West. Around 10% of the world’s trade flows through the waterway and it remains one of Egypt’s top foreign currency earners. The Associated Press contributed to this article. https://www.foxbusiness.com/markets/massive-cargo-ship-turns-sideways-blocks-egypts-suez-canal Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted March 24, 2021 Author Moderators Share Posted March 24, 2021 Quote WORLD MARKETS Massive cargo ship that blocked Egypt’s Suez Canal is reportedly on the move PUBLISHED WED, MAR 24 202112:30 AM EDTUPDATED WED, MAR 24 202111:47 AM EDT A cargo container ship that’s among the largest in the world turned sideways and blocked all traffic in Egypt’s Suez Canal, officials said Wednesday. The ship is now on the move, indicating a resumption of traffic in the waterway, a shipping source and witness told Reuters. Port agent GAC said the stranded ship, Ever Given, had been partially refloated and moved alongside the canal bank. A cargo container ship that’s among the largest in the world turned sideways and blocked all traffic in Egypt’s Suez Canal, officials said Wednesday. The ship is now on the move, indicating a resumption of traffic in the waterway, a shipping source and witness told Reuters. Port agent GAC said the stranded ship, Ever Given, had been partially refloated and moved alongside the canal bank, Reuters reported. In this photo released by the Suez Canal Authority, a boat navigates in front of a massive cargo ship, named the Ever Green, rear, sits grounded Wednesday, March 24, 2021, after it turned sideways in Egypt’s Suez Canal, blocking traffic in a crucial East-West waterway for global shipping. Suez Canal Authority | AP Evergreen Marine Corp., a major Taiwan-based shipping company that operates the ship, said in a statement provided to The Associated Press that the Ever Given had been overcome by strong winds as it entered the Suez Canal from the Red Sea but none of its containers had sunk. An Egyptian official, who spoke to the AP on condition of anonymity as he wasn’t authorized to brief journalists, similarly blamed a strong wind in the area for the incident. Egyptian forecasters said high winds and a sandstorm plagued the area Tuesday, with winds gusting as much as 50 kph (31 mph). “All crew are safe and accounted for,” said Bernhard Schulte Shipmanagement, which manages the Ever Given. “There have been no reports of injuries or pollution.” The management company denied the ship ever lost power. The Ever Given’s bow had been touching the canal’s eastern wall, while its stern looked lodged against its western wall, according to satellite data from MarineTraffic.com. Several tug boats surrounded the ship, likely attempting to push it the right way, the data showed. An image posted to Instagram by a user on another waiting cargo ship appeared to show the Ever Given wedged across the canal as shown in the satellite data. A backhoe appeared to be digging into the sandbank under its bow in an effort to free it. In this photo released by the Suez Canal Authority, a cargo ship, named the Ever Green, sits with its bow stuck into the wall Wednesday, March 24, 2021, after it turned sideways in Egypt’s Suez Canal, blocking traffic in a crucial East-West waterway for global shipping. Suez Canal Authority | AP The Ever Given had listed its destination as Rotterdam in the Netherlands prior to getting stuck in the canal. The ship, built in 2018 with a length of nearly 400 meters (a quarter-mile) and a width of 59 meters (193 feet), is among the largest cargo ships in the world. It can carry some 20,000 containers at a time. Opened in 1869, the Suez Canal provides a crucial link for oil, natural gas and cargo being shipping from East to West. Around 10% of the world’s trade flows through the waterway and it remains one of Egypt’s top foreign currency earners. In 2015, the government of President Abdel-Fattah el-Sissi completed a major expansion of the canal, allowing it to accommodate the world’s largest vessels. However, the Ever Given ran aground before that new portion of the canal. —Reuters contributed to this report. https://www.cnbc.com/2021/03/24/container-ship-runs-aground-in-suez-canal-causing-traffic-jam.html Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted March 25, 2021 Author Moderators Share Posted March 25, 2021 Quote Panama flagged ship blocks Suez Canal Posted 24/03/2021 Panama will appoint an accident investigator to obtain more information about what happened to the Panamanian-flagged ship Evergreen that ran aground in the Suez Canal on Wednesday, March 24, blocking the transit of dozens of ships. Rafael Cigarruista director of the Panama Maritime Authority said :"What we know at the moment is that with pilots on board the ship suffered some situations with its machinery and maneuverability product of uncertain reasons and was affected by strong winds ...". He confirmed that there is no pollution or injuries, and only some structural damage to the ship, and what must happen is that tugboats move it and the transit of ships is resumed by that waterway that connects the Mediterranean Sea with the Red Sea. According to an AFP report the 400 -meter long container ship, of more than 219,000 tonnes and built in 2018, was heading to Rotterdam (Netherlands) from Asia. https://www.newsroompanama.com/business/panama-flagged-ship-blocks-suez-canal Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted March 26, 2021 Author Moderators Share Posted March 26, 2021 Quote Suez blockage "days or weeks" Posted 25/03/2021 Navigation in the Suez Canal was halted on Thursday, March 25, and the stoppage could last days or weeks as the task of moving the gigantic Panamanian-flagged container ship that has blocked traffic on this key route between Europe and Asia since Wednesday, is proving “extremely complicated” "The maritime authorities indicated that 13 ships of the northern convoy (coming from the Mediterranean Sea) (...) that were supposed to pass are stopped in waiting areas until the ship is completely dislodged," said George Safwat, spokesman for the Canal Authority. from Suez (SCA). The Japanese company Shoei Kisen Kaisha, owner of the gigantic ship, admitted on Thursday that they are facing "extreme difficulty" to put the ship afloat. The incident, which occurred on Tuesday night, caused massive ship jams and significant delays in the deliveries of oil and other commercial products. The SCA deployed several tugboats since Wednesday morning trying to dislodge the container ship, 400 meters long. The lockdown caused crude prices to rise nearly 6% on Wednesday, fueled by supply concerns. “Congestion... will take several days or weeks to reabsorb, as it should have a knock-on effect on other convoys, schedules, and world markets," estimates. Ranjith Raja, Head of Middle East Oil & Sea Research at financial data aggregator Refinitiv. 'Extreme difficulties' The "Ever Given", a vessel of more than 220,000 tons heading to Rotterdam from Asia, ran aground Tuesday and blocked the southern section of the Suez Canal.erts cite strong winds as one of the causes of the incident on this 60-meter-high ship. The SCA also speaks of a sandstorm, which reduced visibility and caused the vessel to drift. According to Bernhard Schulte Shipmanagement (BSM), the Singapore-based company that handles the technical management of the ship, all 25 crew members are safe. There is no pollution or damage to the cargo of the ship, with a capacity for more than 20,000 containers. The Maritime link between Europe and Asia allows ships to avoid going around the African continent (for example 6,000 kilometers less between Singapore and Rotterdam), but it has also experienced the weight of several wars and years of inactivity. Some 10% of international maritime trade passes through the canal. according to experts. Nearly 19,000 ships used the Suez Canal last year, according to the SCA. Devised by Ferdinand de Lesseps, a French businessman, and diplomat, the colossal project took ten years of work, between 1859 and 1869 and involved a million Egyptians, De Lesseps then turned his attention to the Panama Canal but had to abandon the project which was completed by the Americans in 2014. https://www.newsroompanama.com/business/suez-blockage-days-or-weeks Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted March 27, 2021 Author Moderators Share Posted March 27, 2021 Quote Attempt to refloat Panama-flagged ship fails Posted 26/03/2021 AFP Cairo - An attempt to refloat the 400-meter-long Panama-flagged container ship blocking the Suez Canal failed on Friday, March 26, announced the maritime company Bernhard Schulte Shipmanagement (BSM), in charge of the ship's technical management. The operation "failed", BSM acknowledged in its announcement, which states that "two additional tugs of 220 to 240 tons" will arrive between now and March 28 to reinforce the maneuvers. With the traffic blockade, more than 200 ships with billions of dollars of merchandise were stranded, but the exact economic consequences will depend on the duration of the paralysis. The blockade "could not fall at a worse time for the most-used channel" in the world, in the midst of the coronavirus pandemic, said Jonathan Owens, a logistics expert at the University of Salford Business School. The total value of the goods blocked or that must take another route differs according to the information: from 3 billion dollars a day according to Jonathan Owens, to 9.6 billion according to Lloyd's List, a British magazine on maritime transport. "Given the large number of parties affected by the situation, directly and indirectly, it is impossible at this level to quantify the value of the delayed goods", considers Daniel Harlid, an analyst for Moody's. Although it is possible to calculate the billions of dollars of delayed goods, the impact on companies and possible chain reactions cannot yet be quantified and will depend on the reserves they have. For the oil sector, the problem would be less severe, since only 1.74 billion barrels pass through the canal daily. 80% of the little oil from the Gulf that goes to Europe passes through the Sumed pipeline, said Paola Rodríguez Masiu, of Rystad Energy. And the pipeline also has available capacity. Now operators are faced with the dilemma of waiting for the canal to reopen, or losing a week or ten days to make the detour through Africa past the Cape of Good Hope. It's what shipping giant Maersk and Germany's Hapag-Lloyd plan to do. Such deviation can be estimated at hundreds of thousands of dollars per ship, or an extra cost of between 15 and 20%, said Plamen Natzkoff, an analyst at VesselsValue. And this taking into account that the vast majority of journeys, up to 90%, are not insured against delays, emphasizes Lloyd's List. The magazine indicates that it is necessary to wait a lot of litigation to determine who will pay. https://www.newsroompanama.com/business/attempt-to-refloat-panama-flagged-ship-fails Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted March 28, 2021 Author Moderators Share Posted March 28, 2021 Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted March 28, 2021 Author Moderators Share Posted March 28, 2021 Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted March 29, 2021 Author Moderators Share Posted March 29, 2021 Quote Grounded cargo ship Ever Given floating, moving through Suez Canal John Bacon, USA TODAY 29 March 2021 One of the largest ships in the world was refloated and was moving through the Suez Canal on Monday after being grounded for almost a week, authorities said. © SUEZ CANAL AUTHORITY/AFP via Getty A handout picture released by the Suez Canal Authority on March 29, 2021 shows tugboats pulling the Panama-flagged MV Ever Given container ship, a 1,300-foot-long vessel, lodged sideways impeding traffic across Egypt's Suez Canal waterway. Hopes heightened that hundreds of waiting ships would soon be sailing through the crucial global waterway. A salvage team was pulling the vessel toward the Great Bitter Lake, a wide stretch of water in the middle of the canal, where the ship will undergo technical inspection, canal authorities said. The stern of the Ever Given, which had been grounded about four yards from the bank, earlier had been swung more than 100 yards away, the Egyptian-owned Suez Canal Authority said in a statement. "This was the result of successful push and tow maneuvers, which led to the restoration of 80% of the vessel’s direction," the statement said. Admiral Osama Rabie, who manages the authority, pledged the more than 360 ships awaiting passage would start to flow through the canal soon. Videos showed tugboats in the canal blaring their horns in celebration. Egyptian President Abdel Fattah el-Sisi lauded the effort on social media. "Today, the Egyptians have succeeded in ending the crisis of the delinquent ship in the Suez Canal despite the tremendous technical complexity that surrounded this process from every side," he tweeted. It will take more than three days to clear the traffic jam once the Ever Given is moved, the authority said. The global shipping company Maersk estimated it could take twice that long. “The ripple effects on global capacity and equipment are significant,” the company said in an advisory statement for customers. © Thomson Reuters Ship Ever Given, one of the world's largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021. REUTERS/Mohamed Abd El Ghany Maersk said it has three vessels stuck in the canal and another 29 waiting to enter. The company has rerouted 15 vessels to sail around Africa. Removing some or all of the load in an effort to lighten the ship would have taken weeks and add to the growing backlog of ships awaiting passage. Earlier, the salvage crew leader hired to free the ship had warned that much work remained before the ship is freed and the canal reopened. “Don’t cheer too soon,” Peter Berdowski, CEO of Boskalis, told Dutch NPO Radio 1. “The good news is that the stern is free but we saw that as the simplest part of the job.” But hours later the job appeared to be complete. The Panamanian-flagged cargo ship Ever Given weighs 220,000 tons, spans nearly a quarter-mile long and carries 20,000 containers. The ship, almost as long as the Empire State building is tall, spun around and ran aground in high winds a week ago. The 120-mile-long shipping link between the Mediterranean and Red seas carries about 13% of world trade, said German insurer Allianz, which estimates the cost in global trade at up to $10 billion per day. Contributing: The Associated Press https://www.msn.com/en-xl/middleeast/top-stories/grounded-cargo-ship-ever-given-floating-moving-through-suez-canal/ar-BB1f5jt8 Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted April 1, 2021 Author Moderators Share Posted April 1, 2021 https://youtu.be/ZW7TLcs5XXQ Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted May 25, 2021 Author Moderators Share Posted May 25, 2021 Quote Suez Canal cuts compensation claim for Panama-flagged ship Posted 24/05/2021 AFP,Cairo - The Suez Canal Authority (SCA) reduced to $550 million the compensation it claims for the blockade of the canal in March by the container ship "Ever Given", after having claimed $916 million in April. “After the company that owns the ship informed us that the value of the transported merchandise was $750 million we lowered the amount to $550 million, out of respect, "SCA chief Admiral Osama Rabie said in a televised speech Sunday night. Cairo had initially demanded $916 million, a figure established after estimating the value of the container ship's cargo at "$3 billion," according to Rabie. The “Ever Given”, with a capacity of more than 200.000 tons, ran aground on March 23, completely blocking traffic on this maritime route that connects Asia and Europe and through which, according to experts, almost 10% passes of international maritime trade. The blockade lasted almost a week and each day of immobilization, the SCA lost between $12 million and $15 million from the canal's closure. On Sunday, an Egyptian court confirmed the immobilization of the ship, which has been anchored in one of the canal's lakes since late March, and rejected a complaint from its Japanese owner who had demanded its release. https://www.newsroompanama.com/business/suez-canal-cuts-compensation-claim-for-panama-flagged-ship Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted July 5, 2021 Author Moderators Share Posted July 5, 2021 Quote Panama-flagged ship that blocked Suez Canal will sail Wednesday Posted 04/07/2021 The Suez Canal Authority (SCA) announced Sunday, July 4 an agreement to release next Wednesday Panama flagged giant container ship Ever Given, held back since it blocked the crucial seaway for international trade at the end of March. The agreement was reached with the owner of the vessel, according to a statement from the SCA. On Wednesday a ceremony will be held to celebrate "the signing of the agreement" and the "departure of the ship", held in the Great Bitter Lake by the Egyptian authorities, the text says. With a capacity of more than 200,000 tons, the Ever Given was stranded on March 23 and blocked circulation in the canal, through which about 10% of world maritime trade passes. The blockade lasted six days. According to the SCA, Egypt lost $12 to $15 million each day the channel was closed. At the end of June, the Egyptian authority announced an "initial" compensation agreement between Egypt and the owner of the Ever Given, after intense negotiations in which the ship's insurer participated. The main point of contention between Egypt and the Japanese company Shoei Kisen, which owns the ship, lay in the amount of compensation. Initially, Cairo claimed $916 million but in the end, it lowered the sum to $550 million. In total, 422 vessels, carrying 26 million tons of goods, were blocked in March due to the incident. https://www.newsroompanama.com/business/panama-flagged-ship-that-blocked-suez-canal-will-sail-wednesday Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted July 8, 2021 Author Moderators Share Posted July 8, 2021 Quote Panama-flagged ship released from Suez Canal Posted 07/07/2021 AFP, CAIRO - The Panama-flagged container ship “Ever Given”, which blocked the Suez Canal for six days and was immobilized in total for more than three months, weighed anchor on Wednesday, July 7, as expected after a compensation agreement with the Egyptian authorities on behalf of its Japanese owner signed on the same day. The gigantic vessel, with a capacity of 200,000 tons, completely cut off the passage in the canal on March 23, an incident that seriously affected world maritime trade and caused losses to Egypt. Anchored in the Great Bitter Lake, in the middle of the Suez Canal, since the resumption of maritime traffic on March 29, the "Ever Given" began moving with its cargo north towards the Mediterranean shortly after 11:30 am local time (09:30 GMT), confirmed an AFP journalist. The moment it was stranded, images of the ship went viral on social networks and the press around the world. More than three months after the end of the incident, the Suez Canal Authority (SCA) announced on Sunday a ompensation agreement with the Japanese shipowner, Shoei Kisen Kaisha, was signed Wednesday and the terms of which remained confidential. SCA's lawyer, Khaled Abu Bakr, insisted in a speech shortly before the signing on the "confidentiality" of the agreement. "I confirm that we have preserved all the rights of the authority," he said. SCA President Oussama Rabie said in a television interview on Sunday that Egypt would receive, in addition to financial compensation, a 75-ton capacity tug from the owner of the “Ever Given”. Cairo initially claimed $6 million before revising the figure down to $550 million. https://www.newsroompanama.com/business/panama-flagged-ship-released-from-suez-canal Quote Link to comment Share on other sites More sharing options...
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