The cost of the Suez Canal blockage

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The Suez Canal Authority said its revenue is taking a US$14m-US$15m hit for each day of the blockage. YahooFinance

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Suez Canal: Egypt’s president declares end to container ship crisis as Ever Given ’starts to move’Egypt's President has declared an end to the crisis of the giant container ship blocking the Suez Canal after its owners revealed it had been freed from the bank. Abdel Fattah al-Sisi made the announcement on his official social media pages on Monday. Footage posted on social media appears to show the 400 metre-long megaship facing the right direction in the water as tugboats battled to straighten it after the vessel smashed into the bank last week.
Source: YahooSG - 🏆 3. / 71 Read more »

Megaship still stuck in Suez canal as new refloating attempt 'likely' on MondaySUEZ, Egypt: Egyptian authorities decided Sunday (Mar 28) that more tugboats will be needed to free a mammoth container ship blocking the Suez ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Ship backlogs from Suez Canal chaos could take months to clear, container lines sayThe stranding of a container ship in the Suez Canal has created disruptions in the global shipping industry that could take weeks and possibly ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Huge ship blocking Suez Canal partially refloated, more work neededA massive container ship blocking Egypt's Suez Canal for nearly a week has been partially refloated, the Suez Canal Authority (SCA) said on Monday, raising hopes the busy waterway will soon be reopened for a huge backlog of ships. After further dredging and excavation over the weekend, efforts by rescue workers from the SCA and a team from Dutch firm Smit Salvage worked to free the ship using tug boats in the early hours of Monday, two marine and shipping sources said. The SCA said Ever Given has been straightened in the canal and further tugging operations would resume once the tide rises later on Monday.
Source: YahooSG - 🏆 3. / 71 Read more »

Strong wind not main reason for Suez ship grounding: Canal chiefSUEZ, Egypt: Egypt's Suez Canal Authority chief said on Saturday (Mar 27) that strong wind was not the main reason for the grounding of the MV ... China hackers again..
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »