{"id":565226,"date":"2021-03-28T13:56:33","date_gmt":"2021-03-28T13:56:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/28\/were-stumbling-but-were-getting-there\/"},"modified":"2021-03-28T13:56:33","modified_gmt":"2021-03-28T13:56:33","slug":"were-stumbling-but-were-getting-there","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/28\/were-stumbling-but-were-getting-there\/","title":{"rendered":"We\u2019re stumbling, but we\u2019re getting there"},"content":{"rendered":"

<\/a> President Abdel Fattah El Sisi ordered authorities to begin preparations to offload some <\/strong>containers from the Ever Given <\/strong>to make it lighter and easier to move, Suez Canal Authority (SCA) Chairman Osama Rabie told Extra News (watch, runtime: 12:15<\/a>). Offloading the containers will be a last resort move, Rabie said, adding that the SCA will do this if current efforts to move the vessel fail. The possible course of action was posed<\/a> this weekend by ship owner Shoei Kisen. The stranded vessel has been blocking the canal since Tuesday and salvage teams had been working to dislodge it with dredgers and tugboats. There are now 352<\/a>vessels<\/a> waiting to move through the Canal, with a further 23 to arrive for transit in the next day.<\/p>\n

Offloading the vessel will likely add even more days to the canal\u2019s closure <\/strong>as it requires a crane and other heavy equipment that is yet to arrive, a top pilot with the canal authority told The Associated Press<\/a> on the condition of anonymity.<\/p>\n

Today\u2019s efforts to move the ship have resulted in damage to the ship\u2019s front<\/strong>, a spokesman for Bernhard Schulte Shipmanagement, the vessel\u2019s manager, told Bloomberg<\/a>. Water entered two tanks of the Ever Given, but were removed using high powered pumps. The vessel is now stable<\/strong>, but there is now a chance it will be unfit to leave the canal once it is dislodged.<\/p>\n

How far have we come so far? <\/strong>Rabie further explained that the vessel has moved an additional four meters with the help of rising tides in the canal, adding to the 29 meters it moved yesterday. Meanwhile, Egypt is sending veterinarians onboard the ships to examine cattle and other livestock that have run out of provisions on the vessels waiting to cross the canal, according to an Agriculture Ministry statement<\/a>.<\/p>\n

THE IMPACT ABROAD- Companies such as Ikea and Caterpillar are considering taking detours to avoid the Suez Canal<\/strong>, going through the Cape of Good Hope at the southern tip of Africa and adding over a week to the Asia-Europe journey, reports Bloomberg<\/a>.<\/p>\n

Short-term disaster, long-term meh<\/strong>: <\/strong>With all the talk about disrupted supply chains getting worse, Robert Koopman, chief economist of the World Trade Organization is trying to put things into perspective, saying that firms might be overestimating the long-term damage of the blocked canal. In the short term, the Suez Canal block will lead to higher transportation costs, tighter supplies, and more delivery delays, but the situation in the long-term is \u201canother test that the global economy will battle through in the weeks ahead, but will ultimately pass,\u201d Koopman said. He called the situation \u201ca great photo op,\u201d but not in any way indicative of global supply chains potentially disintegrating or a warning against over-globalization.<\/p>\n","protected":false},"excerpt":{"rendered":"

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, adding that the SCA will […]<\/p>\n","protected":false},"author":1,"featured_media":565227,"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":[633,134,7143,3936,7103,133],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-suez-canal","tag-enterprisepm","tag-ever-given","tag-osama-rabie","tag-shoei-kisen","tag-suez-canal","tag-suez-canal-authority","wpautop","entry"],"acf":{"mongo_id":"c9676e83-6617-44df-95b0-250d610e2377","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/565.jpg","photo_position":"above","related_issue":[565220],"teaser":"","voice_url":""},"yoast_head":"\nWe\u2019re stumbling, but we\u2019re getting there - 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\/28\/were-stumbling-but-were-getting-there\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We\u2019re stumbling, but we\u2019re getting there\" \/>\n<meta property=\"og:description\" content=\"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). 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Given\u2019s blockage of the Suez Canal, saying it\u2019s now looking for USD 550 mn, SCA boss Osama Rabie told Al Hayah Al Youm\u2019s Mohamed Sherdy yesterday (watch,\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\/205.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562201,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/11\/ever-given-still-wont-pay-up\/","url_meta":{"origin":565226,"position":1},"title":"Ever Given still won\u2019t pay up","author":"enterpriseam admin","date":"11 May 2021","format":false,"excerpt":"The Suez Canal Authority\u2019s (SCA) reduced USD 600 mn compensation claim for the Ever Given saga is still too high, the ship\u2019s insurer, UK Club, said, according to Reuters. \u201cThe Ever Given's owners still have not been provided with evidence that 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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":561507,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/11\/pay-up-then-you-can-take-the-ever-given-wherever-you-want\/","url_meta":{"origin":565226,"position":3},"title":"Pay up, then you can take the Ever Given wherever you want","author":"enterpriseam admin","date":"11 April 2021","format":false,"excerpt":"The Suez Canal Authority won\u2019t let the mega container ship that blocked the Suez Canal last month get underway until its owner agrees to pay compensation, SCA chairman Osama Rabie suggested in a televised interview on Thursday (watch, runtime: 22:19). \u201cThe vessel will remain here until investigations are complete and\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561579,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/the-ever-givens-freedom-now-has-a-price-usd-900-mn\/","url_meta":{"origin":565226,"position":4},"title":"The Ever Given\u2019s freedom now has a price: USD 900 mn.","author":"enterpriseam admin","date":"13 April 2021","format":false,"excerpt":"Egypt names its price for the Ever Given: The Suez Canal Authority has demanded the owner of the Ever Given container ship that blocked the canal last month pay USD 900 mn in compensation \u2014 and has obtained a court order to seize the ship until it receives payment, Al\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\/130.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561683,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/18\/ok-time-for-plan-b\/","url_meta":{"origin":565226,"position":5},"title":"OK, time for Plan B?","author":"enterpriseam admin","date":"18 April 2021","format":false,"excerpt":"Thousands of containers on board the Ever Given could be offloaded and delivered through other ships as Evergreen Marine, which chartered the Ever Given, comes under mounting pressure to get the goods to their destinations in Europe, the Wall Street Journal reports, citing an unnamed source with direct knowledge of\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565226","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=565226"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565226\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/565220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/565227"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=565226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=565226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=565226"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=565226"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=565226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}