{"id":565201,"date":"2021-03-25T13:39:02","date_gmt":"2021-03-25T13:39:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/25\/ekser-wara-shemal-fi-yemeen-yasta\/"},"modified":"2021-03-25T13:39:02","modified_gmt":"2021-03-25T13:39:02","slug":"ekser-wara-shemal-fi-yemeen-yasta","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/25\/ekser-wara-shemal-fi-yemeen-yasta\/","title":{"rendered":"Ekser wara shemal fi yemeen, Yasta"},"content":{"rendered":"

<\/a> The Ever Given cargo ship is still blocking the Suez Canal as of dispatch<\/strong>, with the Suez Canal Authority closing down the waterway until the ship is freed, Suez Canal Authority (SCA) chairman Osama Rabie announced in a statement today<\/a>. The authority had deployed this morning eight large tugboats in another attempt to dislodge the ship, he added.<\/p>\n

N<\/strong>o consensus on when things might start moving again: <\/strong>Some are expecting the ship to be dislodged soon, including the former head of Navigation Control at the SCA Mohamed Fawzy, who told Enterprise today that it may happen as soon as tomorrow. But some global experts beg to differ. The best chance for freeing the ship may not come until Sunday or Monday, when the tide reaches a peak, Bloomberg reports<\/a> citing big ship rescue experts. If that window is missed, the next opportunity would be another 12 to 14 days away, when tides are expected to swell again, they added.<\/p>\n

\u201cWe can\u2019t exclude it might take weeks [to free the ship], depending on the situation,\u201d<\/strong> Peter Berdowski, CEO of Dutch company Boskalis, which is trying to free the ship, told a Dutch TV program<\/a> that<\/p>\n

Hundreds of ships are still waiting to get through:<\/strong> Bloomberg\u2019s latest tally<\/a> puts the number of ships waiting to pass through at 185 (same as yesterday). Cargo ships waiting in line behind Ever Given will most likely be turned south back to Port Suez, in order to free the channel, AP reports<\/a>, citing canal services provider Leth Agencies.<\/p>\n

The world is still trying to count the cost of the fiasco:<\/strong> Currently, it is disrupting USD 9.6 bn worth of goods daily from travelling through the canal, Bloomberg cites shipping journal Lloyd\u2019s List<\/a>. Concerns over the disruption also caused oil prices to fall back after surging 6% on Wednesday, the news agency says<\/a>. Expecting the fallout to last for days, the stuck ship is a new pressure point for a global supply chain already strained from winter and spring weather impacting infrastructure in the US, and a global shortage in microchips, the Wall Street Journal writes reports<\/a>.<\/p>\n

Commodities price boom to get a boost from this? <\/strong>The Ever Given disruption may uplift the tanker rates and commodity prices, senior vice president for equity research at financial services company Jeffries Randy Giveans told AP. Such disruptions are usually of benefit to the owners and the commodity being transported, as it forces tanker rates and crude prices to shoot up, he explains.<\/p>\n

What\u2019s an apology worth? <\/strong>Japanese owner of the ship Shoei Kisen apologized \u201cfor causing a great deal of concern\u201d today, saying it was working towards a resolution of the situation in a statement (Japanese)<\/a>. Shoei Kisen KK could face claims from the Suez Canal Authority (SCA) for loss of revenue and canal damage, and from other ships for passage disruption, Reuters reports citing industry sources<\/a>.<\/p>\n

FURTHER READING- <\/strong> Groundings are the most common cause of shipping incidents in the Suez Canal, Reuters cites Allianz Global Corporate and Specialty (ACGN)<\/a>, adding that 25 groundings had happened in the canal in the past 10 years.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Ever Given cargo ship is still blocking the Suez Canal as of dispatch, with the Suez Canal Authority closing down the waterway until the ship is freed, Suez Canal Authority (SCA) chairman Osama Rabie announced in a statement today. The authority had deployed this morning eight large tugboats in another attempt to dislodge the […]<\/p>\n","protected":false},"author":1,"featured_media":565202,"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":[10111],"tags":[633,134,7103,133],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-suez-canal","tag-enterprisepm","tag-ever-given","tag-suez-canal","tag-suez-canal-authority","wpautop","entry"],"acf":{"mongo_id":"2a5b8bc0-f51c-4098-a973-2983dc53c8bd","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/550.jpg","photo_position":"above","related_issue":[565197],"teaser":"","voice_url":""},"yoast_head":"\nEkser wara shemal fi yemeen, Yasta - 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\/ekser-wara-shemal-fi-yemeen-yasta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ekser wara shemal fi yemeen, Yasta\" \/>\n<meta property=\"og:description\" content=\"The Ever Given cargo ship is still blocking the Suez Canal as of dispatch, with the Suez Canal Authority closing down the waterway until the ship is freed, Suez Canal Authority (SCA) chairman Osama Rabie announced in a statement today. 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The Suez Canal Authority (SCA) will offer \u201cgreat\u201d considerations to the owner of the Ever Given mega container ship that blocked the Suez Canal in March to ensure talks 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\/4\/282.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":565201,"position":1},"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":[]},{"id":562608,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/31\/a-solution-to-the-ever-given-spat-could-be-found-within-a-week\/","url_meta":{"origin":565201,"position":2},"title":"A solution to the Ever Given spat could be found within a week","author":"enterpriseam admin","date":"31 May 2021","format":false,"excerpt":"An imminent breakthrough in Ever Given talks? A breakthrough in settlement talks between the Suez Canal Authority (SCA) and the owners of the Ever Given container ship might be coming \u201cin the coming days or week,\u201d Khaled Abu Bakr, an advisor to the SCA chairman, said at a presser yesterday,\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\/280.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561646,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/15\/the-ever-given-is-good-to-go-once-its-owners-settle-their-dues\/","url_meta":{"origin":565201,"position":3},"title":"The Ever Given is good to go \u2014 once its owners settle their dues","author":"enterpriseam admin","date":"15 April 2021","format":false,"excerpt":"The Ever Given container ship is fit to depart the Suez Canal once an agreement has been reached between the Suez Canal Authority and the ship\u2019s owner, the German technical management company Bernhard Schulte Shipmanagement (BSM) said in a statement after making a \u201cthorough inspection\u201d of the vessel.Plenty of disappointment\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\/4\/156.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566507,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/ever-given-resolution-in-the-foreseeable-future\/","url_meta":{"origin":565201,"position":4},"title":"Ever Given resolution in the foreseeable future?","author":"enterpriseam admin","date":"23 June 2021","format":false,"excerpt":"Lawyers representing the Ever Given\u2019s owner and ins. company have reached an agreement in principle with the Suez Canal Authority (SCA) over compensation claims, Al Masry Al Youm reports. The ship\u2019s ins. provider, UK P&I Club, said earlier this month that it was engaged in \u201cserious and constructive negotiations\u201d with\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\/6\/569.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562056,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/not-so-fast-ever-given\/","url_meta":{"origin":565201,"position":5},"title":"Not so fast, Ever Given","author":"enterpriseam admin","date":"5 May 2021","format":false,"excerpt":"An Ismailia court has rejected Ever Given owner Shoei Kisen\u2019s appeal against the Suez Canal Authority\u2019s seizure of the container ship, meaning the mega-vessel will remain in Egypt until at least May 22, when a second hearing is scheduled, Bloomberg reports. A decision from the court last month had allowed\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\/38.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\/565201","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=565201"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565201\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/565197"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/565202"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=565201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=565201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=565201"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=565201"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=565201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}