Sun Yi really
Egypt’s Suez Canal is expected to reopen to traffic Saturday or 25. A huge cargo ship that ran aground and blocked the Suez Canal has been moved to shore.
The Suez Canal is blocked in both directions
Cairo, March 23 (local time) — The Ever Given, a container ship owned by Taiwan-based shipping company Evergreen Marine, ran aground in the Suez Canal, causing traffic to be blocked in both directions. Data compiled by Bloomberg showed that the ship’s hull was almost horizontally blocked in the Suez Canal, preventing at least 100 ships from passing between the Red Sea and the Mediterranean.
With a length of 400 meters and a width of 59 meters, the container liner Ever Given is one of the largest container liners in the operation of Evergreen Shipping. When it ran aground, the ship was en route from China to Rotterdam in the Netherlands, where it was scheduled to arrive at the end of this month. The ship’s shipping management company told Bloomberg that the grounding caused no injuries to the crew or pollution to the environment.
A disruption to the Suez Canal could have an adverse impact on the global energy supply chain, Bloomberg said. The reason is that refineries in Europe and the US rely on the Suez Canal to transport Middle Eastern oil, and if the canal remains blocked, importers may have to find alternative supplies, driving up the price of alternatives.
The flow of crude oil and liquefied natural gas from Europe’s North Sea fields to Asia will also be blocked.
However, Bancherocostaamp; “There are a lot of alternative trades for European importers to avoid the Suez Canal,” said RalphLeszczynski, research director at CO.
The Suez Canal, which opened to shipping in 1869, is one of the world’s busiest waterways, used mainly to transport Middle Eastern crude oil to Europe and the United States, and Western crude oil to Asia. According to the Suez Canal Authority (SCA), nearly 19,000 ships passed through the port last year, with a gross tonnage of 1.17 billion tons.
The Suez Canal is one of Egypt’s biggest sources of foreign currency earnings. The Egyptian government of President Abdel-Fattah el-Sissi completed the canal expansion in 2015.