BR100 Increased By (0.11%)
BR30 Decreased By (-0.26%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)
World

Another tanker briefly blocks Egypt’s Suez canal

Published Updated
By

CAIRO: An oil tanker briefly became stuck in Egypt’s Suez Canal on Wednesday night, officials announced, raising fears that last year’s major blockage of the global maritime route could be repeated.

The Affinity V “ran aground in the Suez Canal at 19:15” (17:15 GMT)“, a security source told AFP, adding that maritime traffic had been restored after “a short period of time”.

The incident was caused by “technical damage to the rudder resulting in a loss of control of the ship”, according to the Suez Canal Authority, which said the 64,000-ton tanker had been “successfully refloated”.

The SCA said it had quickly mobilised more than five towing vehicles for the operation.

According to website Vessel Finder, the 250-meter-long, Singaporean-flagged tanker is headed for the Saudi port of Yanbu.

The Suez Canal, a vital portal between Asia and Europe, sees about 10 percent of the world’s maritime trade.

Last year, super tanker Ever Given became wedged diagonally across the canal during a sandstorm, disrupting world trade for nearly a week.

According to the SCA, Egypt lost between $12 million and $15 million every day of the closure, while insurers estimated the global maritime trade suffered billions of dollars of lost revenue per day.

Germany says it will expand military presence in Indo-Pacific

Egyptian President Abdel Fattah al-Sisi approved a project in May to widen and deepen the southern portion of the canal where the Ever Given had gotten stuck.

Comments

Comments are closed for this article.