{"id":561109,"date":"2021-03-25T03:55:37","date_gmt":"2021-03-25T03:55:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/25\/will-the-ever-given-ever-move\/"},"modified":"2021-03-25T03:55:37","modified_gmt":"2021-03-25T03:55:37","slug":"will-the-ever-given-ever-move","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/25\/will-the-ever-given-ever-move\/","title":{"rendered":"Will the Ever Given ever move?"},"content":{"rendered":"

<\/a> Efforts to dislodge the 400-meter-long mega vessel wedged across the Suez<\/strong> Canal that is blocking all marine traffic will resume this morning<\/strong> after tugboats failed yesterday to refloat the ship, Bloomberg<\/a> reports, citing a Suez Canal Authority (SCA) source. Shipping activity remains at a standstill at the critical global trade artery that connects the Mediterranean and the Red Sea. 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.<\/p>\n

An eight-person team from Dutch marine response firm SMIT Salvage has arrived to help dislodge the 224k-tonne ship entrenched in the Canal\u2019s wall<\/strong>, Bloomberg<\/a> reported separately. 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\u2019s parent company told the business information service. In a worst-case scenario, they may have to unload some of the containers onboard the vessel.<\/p>\n

Who was sailing the MV Ever Given? Not Egypt\u2019s first woman captain<\/strong>, Marwa Elselehdar, who denied rumors that she was on the bridge of the Ever Given, telling Al Hayah Al Youm\u2019s Mohamed Sherdy last night that she wasn\u2019t even on board the vessel (watch, runtime: 60:33<\/a>). Elselehdar explained that difficult weather conditions including visibility-reducing fog \u2014 not shoddy sailing \u2014 was likely the main cause of the accident.<\/p>\n

Almost 185 vessels were at anchor waiting to transit the canal as of yesterday morning<\/strong>, which is when data on the line-up was last made available. 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. There were also 17 oil tankers carrying nearly 8.8 mn barrels of liquified natural gas, Bloomberg<\/a> reported, citing figures from research firm Kpler<\/a>.<\/p>\n

Shipping companies are still mulling the possibility of re-routing cargoes around the Horn of Africa<\/strong>, unnamed shipping sources told Reuters<\/a>. 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.<\/strong> \u201cEven a two-day delay would further add to the supply chain disruption slowing the delivery of cargo to businesses across the UK and Europe,\u201d Greg Knowler, editor at JOC Group, tells Bloomberg.<\/p>\n

What the hold-up means for global trade:<\/strong> If the situation is cleared up within a day or two, global shipping won\u2019t be hit too hard, at top editor of industry stalwart Lloyd\u2019s List Maritime Intelligence tells Bloomberg<\/a>. However, a lengthy delay could further stretch supply chains that have already been disrupted by covid-19. Another major risk is waterways getting more congested and creating choke points as more and more ships transit maritime routes along the Suez, Panama Canal, the Strait of Hormuz and Southeast Asia\u2019s Malacca Strait.<\/p>\n

Vessels facing delays could be getting compensation from the Suez Canal Authority<\/strong>, Authority boss Osama Rabie said, according to Al Shorouk<\/a>. On the flipside, the SCA could claim mns of USD of ins. payments from the ship\u2019s owner, Japanese firm Shoei Kisen KK, for disrupting traffic in the canal and causing revenue losses, even if the ship refloats soon, Reuters<\/a> reported, citing unnamed industry sources. LNG producer Qatargas could see delays in its loading schedule in early April if marine traffic at the Suez Canal remains on hold.<\/p>\n

The story is still getting plenty of digital ink in the foreign press this morning. <\/strong>It\u2019s the lead story on the digital front page of the Financial Times<\/a>, Reuters<\/a>, Bloomberg<\/a> and CNBC<\/a>. Sky News<\/a> giving a play-by-play, while the Wall Street Journal<\/a>\u2019s Jared Malsin takes a trip down memory lane to emphasize the Canal\u2019s symbolic importance to Egypt. Egypt\u2019s talking heads were also all over the story<\/strong>, with everyone from Ala Mas\u2019ouleety\u2019s Ahmed Moussa (watch, runtime: 32:50<\/a>) to Al Hayah Al Youm\u2019s Mohamed Sherdy \u2014 who incorrectly claimed that tug boats were able to unlodge the vessel and that traffic has resumed as normal in the canal (watch, runtime: 10:49<\/a>).<\/p>\n

Background:<\/strong> The MV Ever Given chartered by Taiwan\u2019s Evergreen was en route<\/a>Tuesday morning from China to Rotterdam when high winds and a dust storm made the crew lose control of the ship that shortly got wedged sideways across the Suez Canal.<\/p>\n","protected":false},"excerpt":{"rendered":"

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. Shipping activity remains at a standstill at the critical global trade artery that connects the Mediterranean […]<\/p>\n","protected":false},"author":1,"featured_media":561110,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8996],"tags":[317,72,91,7143,7103,133],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-suez-canal","tag-commodities","tag-enterpriseam","tag-oil-and-gas","tag-osama-rabie","tag-suez-canal","tag-suez-canal-authority","wpautop","entry"],"acf":{"mongo_id":"57fb1c92-1763-4c45-b4b4-a79e34dac634","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/310.jpg","photo_position":"above","related_issue":[561105],"teaser":"","voice_url":""},"yoast_head":"\nWill the Ever Given ever move? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/25\/will-the-ever-given-ever-move\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will the Ever Given ever move?\" \/>\n<meta property=\"og:description\" content=\"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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The authority had deployed this morning eight large tugboats in\u2026","rel":"","context":"In "SPEED ROUND: SUEZ CANAL"","block_context":{"text":"SPEED ROUND: SUEZ CANAL","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/550.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563729,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/14\/gone-but-not-forgotten\/","url_meta":{"origin":561109,"position":3},"title":"Gone but not forgotten","author":"enterpriseam admin","date":"14 July 2021","format":false,"excerpt":"The Ever Given has left Suez. But Suez hasn\u2019t left the Ever Given. The owner of the ship responsible for blocking the Suez Canal for almost a week in March is set to be hit by \u201cmany hundreds of thousands\u201d of lawsuits, according to Bloomberg. Two subsidiaries of owner Shoei\u2026","rel":"","context":"In "Suez Canal"","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/200.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565226,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/28\/were-stumbling-but-were-getting-there\/","url_meta":{"origin":561109,"position":4},"title":"We\u2019re stumbling, but we\u2019re getting there","author":"enterpriseam admin","date":"28 March 2021","format":false,"excerpt":"President Abdel Fattah El Sisi ordered authorities to begin preparations to offload some containers from the Ever Given to make it lighter and easier to move, Suez Canal Authority (SCA) Chairman Osama Rabie told Extra News (watch, runtime: 12:15). Offloading the containers will be a last resort move, Rabie said,\u2026","rel":"","context":"In "SPEED ROUND: SUEZ CANAL"","block_context":{"text":"SPEED ROUND: SUEZ CANAL","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/565.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562390,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/suez-receipts-rise-in-april-following-ever-given-debacle\/","url_meta":{"origin":561109,"position":5},"title":"Suez receipts rise in April following Ever Given debacle","author":"enterpriseam admin","date":"23 May 2021","format":false,"excerpt":"Suez Canal revenues rose almost 16% y-o-y in April, coming in at USD 551.5 mn from the USD 476.2 mn recorded during the same month last year, the Suez Canal Authority said in a statement Thursday. The number of ships passing through the Canal also rose by some 4.8% to\u2026","rel":"","context":"In "Suez Canal"","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/189.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=561109"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561109\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/561105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/561110"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=561109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=561109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=561109"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=561109"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=561109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}