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Suez Canal

Mega-ship in Suez Canal moved '80%' in right direction

Mega-ship in Suez Canal moved '80%' in right direction

  • The MV Ever Given, longer than four football fields, became wedged diagonally across the canal during a sandstorm last Tuesday, strangling world supply chains.
  • Egypt is losing some $12-14 million in revenue from the canal for each day it is closed, Suez Canal Authority (SCA) chief Osama Rabie said.
Updated 29 Mar, 2021 02:47pm
Suez ship congestion could delay LNG deliveries to Europe
Markets

Suez ship congestion could delay LNG deliveries to Europe

  • The giant ship ran aground on Tuesday. The Suez Canal stepped up efforts on Friday to free the ship and end a blockage on the main route for European imports of LNG from the Middle East and for some cargoes heading to Asia from the Mediterranean.
  • There are now six LNG vessels waiting to enter the canal, with four of them at the southern Red Sea end and two in the Mediterranean, according to data intelligence firm Kpler. A seventh ship is already in the canal, the data showed.
Published 26 Mar, 2021 09:46pm
Ship stuck in the Suez Canal unleashes flood of Internet jokes
World

Ship stuck in the Suez Canal unleashes flood of Internet jokes

  • A giant ship has blocked the famous Suez Canal but opened up a torrent of memes and gifs lampooning the hapless container carrier, which has been jammed in the waterway since Tuesday.
  • Elements of global commerce have been brought to a standstill, but no one was hurt, and the environment is so far undamaged. The lack of stakes surrounding the Ever Given’s grounding has made it a prime target for jokes.
Published 26 Mar, 2021 03:05pm