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Suez Canal blocked - live: Ever Given re-flotation attempt fails as US Navy to send team of experts to help

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Consciousness Of Economic

Consciousness Of Economic

A new attempt to re-float the MV Ever Given which is blocking Egypt’s Suez Canal has failed, according to its technical manager. More tugs are being brought in to help on Sunday, according to Bernhard Schulte Shipmanagement
It comes as other ships are beginning to reroute around the Cape of Good Hope instead of waiting at the canal.

The trip from Asia to Europe around the southern tip of Africa is longer, but operators may calculate their vessels will make better time on that route than waiting for the Ever Given to be refloated in Suez.

The backlog of ships caused by the container ship’s grounding in the Suez Canal has reached 248, according to experts from Lloyds List Intelligence.
The Ever Given, a Panama-flagged ship operated by Taiwan’s Evergreen and owned by Shoei Kisen KK, a Japanese company, became wedged sideways across the vital waterway on Tuesday.
https://www.zerohedge.com/markets/suez-canal-crisis-morphs-global-supply-chain-wrecking-ball
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