Egypt orders lightening stranded ship's cargo in Suez Canal

  • 📰 trtworld
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

Egypt's president orders preparations to lighten cargo of mammoth container ship blocking Suez Canal for six days, crippling international trade and causing multi-million-dollar losses, officials say

Stranded ship Ever Given, one of the world's largest container ships, is seen after it ran aground, in Suez Canal, Egypt on March 28, 2021.

The Ever Given container ship has been blocking the waterway since Tuesday and salvage teams have been hoping to free it with dredgers and tugs without unloading any of its cargo. The Italian-flagged Carlo Magno and the Dutch-flagged Alp Guard were in the Red Sea en route to the Suez Canal, the ship-tracking websites said.

Billions of dollars of cargo are now stalled at either end of the Suez Canal and each passing day results in millions of dollars in losses for Egypt and commercial enterprises around the world.Several notes of optimism were struck on Saturday, including from Rabie, who told a news conference that the megaship could be afloat by Sunday night.

"If they don't manage to dislodge it during that high tide, the next high tide is not there for another couple of weeks, and that becomes problematic," Plamen Natzkoff, an expert at VesselsValue, has said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What happens when indians hold something. Economic losses increased globally after the incident. 👇

The egyptian military dogs must suffer

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 101. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Egypt Aims to Free Cargo Ship Grounded in Suez CanalEgyptian authorities will attempt to refloat a wedged ship in the Suez Canal, in what could be the final push to free up the vital trade route and end days of global supply disruptions I’m no engineer or physician but shouldn’t the cable to the ship be tagged close to the point of resistance (ground) 🤔 👍🏻👍🏻👍🏻👍🏻 Good luck and maybe limit ship size in the future. Or do some work on widening the canal and making it deeper?
Source: WSJ - 🏆 98. / 63 Read more »

Egypt Expanded the Suez Canal. It Wasn’t Enough.The canal expansion was supposed to boost shipping traffic, earn more revenue for Egypt and bolster Egyptian President Abdel Fattah Al Sisi’s global stature. Instead the president is mired in one of the biggest crises of his seven-year rule. How I wish all traders are like mar_vins1 there won't be any loss of money because I and so many of my friends traded with him and got our profit , thanks once again Mr mar_vins1 Tiger woods? Regret is a waste of energy. Don't stay home and not get paid, buy Bitcoin and register with a license trading company to earn guaranteed Passive income (13% interest on all your investment) lisadonaldT
Source: WSJ - 🏆 98. / 63 Read more »

Pictures: Ever Given held in Suez Canal as Egypt demands $900 millionSatellite images show the Ever Given in limbo the day before Egypt impounded it, demanding up to $900 million in compensation thanks TechInsider Million:
Source: BusinessInsider - 🏆 729. / 51 Read more »

Egypt Seizes Ever Given Ship in Suez Canal, Demands CompensationEgypt has seized the container ship that last month blocked the Suez Canal, the vessel’s owner said, amid a dispute over how much compensation the country is owed following the weeklong shutdown of the waterway. Interesting!! The US government would have sent money to the company for the loss they incurred for the problem. And than stroked a check to Egypt for the inconvenience. One of the best decision I have ever made is investing on Bitcoins. Crypto investment is the future , invest on it today and smile tomorrow I invested $2000 worth bitcoins and earned $15,000 in two weeks with the help a trade coach Mr Abrantes Rene Contact me via abrantesrene
Source: WSJ - 🏆 98. / 63 Read more »

Egypt demands over $1B in damages after Suez Canal blockageEgypt says it wants over $1B in damages after the Suez Canal was blocked and will not allow the MV Ever Given or its cargo to leave until the issue is resolved
Source: trtworld - 🏆 101. / 63 Read more »