Mexico's inflation exceeds expectations in 1st half of April    Egypt's gold prices slightly down on Wednesday    Tesla to incur $350m in layoff expenses in Q2    GAFI empowers entrepreneurs, startups in collaboration with African Development Bank    Egyptian exporters advocate for two-year tax exemption    Egyptian Prime Minister follows up on efforts to increase strategic reserves of essential commodities    Italy hits Amazon with a €10m fine over anti-competitive practices    Environment Ministry, Haretna Foundation sign protocol for sustainable development    After 200 days of war, our resolve stands unyielding, akin to might of mountains: Abu Ubaida    World Bank pauses $150m funding for Tanzanian tourism project    China's '40 coal cutback falls short, threatens climate    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call    Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production    Climate change risks 70% of global workforce – ILO    Health Ministry, EADP establish cooperation protocol for African initiatives    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



What we know about a ship blocking the Suez Canal
Published in Ahram Online on 25 - 03 - 2021

A giant backhoe and a squadron of tugboats look minuscule against the cargo ship's bulk, demonstrating the enormity of the challenge at hand: freeing the wedged, skyscraper-sized container ship that has blocked the entire width of the Suez Canal and created a major traffic jam on one of the world's most crucial trade routes.
The tugs and diggers toiled on Thursday as over 150 vessels carrying goods to destinations across the world on tight schedules remained trapped on either end of the canal, which links the Mediterranean and Red Seas.
Over its 150-year history, Egypt's Suez Canal has seen wars and crises _ but nothing quite like the stranding of the Ever Given.
HOW DID THIS HAPPEN?
That remains murky. The vessel entered the canal from the Red Sea on Tuesday morning and ran aground 45 minutes later.
The ship's operator and Egyptian officials blamed winds gusting as much as 50 kilometers per hour (30 miles per hour), along with a sandstorm sweeping the area.
Cargo ships have grown in recent years to take on more containers as fuel prices have risen because big boats burn less fuel per container moved. Some have wondered if the ultra-large size of the Ever Given was a factor.
While the supersize of ships can increase their risk of running aground in the Suez Canal, boats just as big buffeted by winds just as strong have passed through the waterway without incident before.
Instead, it's likely that ``a combination of factors`` was at play, said Ian Woods, a marine cargo lawyer and partner with the firm Clyde & Co.
``There's the exposure to the elements, potential for a loss of power, potential for steering problems,'' Woods said. ``We'd expect a full investigation.''
The obstruction could prove embarrassing for Egypt, where the waterway long has been a symbol of national pride. President Abdel Fattah el-Sissi poured $8.2 billion into a lavish expansion of the canal that was unveiled in 2015. However, the Ever Given got stuck just south of that new section.
HOW WILL THEY FIX THIS?
So far, dredgers and tugboats haven't been able to free the ship. An expert salvage team, whose job it is to respond to boat-related disasters, flew from the Netherlands to the canal on Thursday to join the efforts.
Already, it seems the ship's massive weight, some 220,000 tons, could make it impossible to dislodge and float. To lighten the load, the team says it may have to remove at least some of the ship's containers and drain the vessel of the water serving as ballast before further dredging the area and then trying again to nudge the ship using tugboats.
Officials had indicated initially they didn't want to do that because the unloading itself could take days or weeks.
WHY DOES IT MATTER?
Over 10% of global trade, including 7% of the world's oil, passes through the canal. After the blockage, the price of international benchmark Brent crude shot up some 3% to $63 a barrel.
Goods passing through the canal are typically moving from east to west. In addition to oil, liquified natural gas from the Persian Gulf and furniture, clothes and supermarket basics from China use the canal to avoid taking a circuitous 5,000-kilometer (3,1000-mile) route around Africa.
Shipping journal Lloyd's List estimates that the closed waterway is tying up billions of dollars of goods each day the canal is closed _ at a time when the coronavirus pandemic is already causing demand in consumer goods to surge.
Not only will deliveries be delayed, but the jam also prevents the return of empty containers back to Asia, exacerbating a container shortage caused by the pandemic's disruptions to shipping.
``It's almost like a ketchup bottle,'' said Lars Jensen, chief executive of SeaIntelligence Consulting. ``The longer this lasts, the higher risk that we are going to see major congestion problems in the European ports.''
WHAT IS THE WORLD'S REACTION?
While the real-world consequences of the jam are serious, many also noted the absurdity of the situation in a seemingly endless flood of social media memes.
In one viral post, the gigantic ship was captioned ``my tasks,'' and the comparatively puny backhoe ``me, dutifully chipping away at my tasks.'' In another, the boat was ``your first draft'' and the backhoe ``editors.''


Clic here to read the story from its source.