International Suez Canal Crisis 2021: Ever Given Report Highlights Suez Canal Pilots’ Role in Grounding

[ElKarlo]

Its the best market in the world if you know the game!

I don’t day trade. I buy and hold and occasionally trim out the losers

 

[ElKarlo]

I thought the toilet paper we use is made right here. Would be pretty expensive to ship toilet paper from China considering how much space it takes up.

I think it’s actually to ship across the ocean than it is to trick it 90 miles
Also helps that China doesn’t care where that paper comes from on any environmental or ethical level

 

[Arkain2K]

Egyptian leader gives last-resort order to unload container ship stuck in the Suez Canal
March 28, 2021​

Egypt's president has ordered Suez Canal Authority (SCA) officials to prepare to begin the process of unloading a massive container ship that is currently stuck in the canal, blocking all traffic through one of the world's most important waterways.

Unloading the ship, a massive, time-consuming and costly endeavor that would allow workers to float the ship more easily, is viewed as last-resort option behind other efforts to free the 1,300 foot-long ship.

The head of the Suez Canal Authority said Sunday that Prime Minister Abdel Fatah al-Sissi had ordered officials to begin preparations for the removal of containers, The Washington Post reported, while efforts continue to refloat the vessel during high tide with the aid of dredgers and an excavator on land.

"His excellency has ordered that we should not wait for the failure of the first and second scenarios to start thinking about implementing the third one [unloading]," said the SCA chief.

Hundreds of other cargo ships currently remain on either side of the canal waiting to pass through, a situation that has led to major delays and fears that many vessels will not be able to afford the increased maintenance and other costs associated with being at sea for much longer than expected.

While the ship remains stuck, officials have touted the progress made in recent days including at least partial power restoration to the vessel as well as the restoration of rudder movement.

https://thehill.com/policy/transpor...-orders-prep-for-unloading-container-ship?amp

 

[MicroBrew]

The raw materials to make it are what's being delayed... Can't make it without

I presumed all the raw materials was sourced in the US, seeing as how rich the US is in trees.

 

[Arkain2K]

As the full moon brings rising tides, crews race to free the Ever Given.​

With the costs of the closure of one of the world’s most vital maritime arteries growing by the day, salvage teams hoped on Sunday to take advantage of the full moon and swelling tides to dislodge the giant cargo ship stuck in the Suez Canal.

The 220,000-ton ship moved. It did not go far — just two degrees, or about 100 feet, according to shipping officials. That came on top of progress from Friday, when canal officials said dredgers had managed to dig out the rear of the ship, freeing its rudder.

By Saturday afternoon, they had dredged 18 meters down into the canal’s eastern bank. But officials cautioned that the ship’s bow remained firmly planted in the soil and that the operation still faced significant hurdles.

The company that oversees the ship’s operations and crew, Bernhard Schulte Shipmanagement, said 11 tugboats were helping, with two more due on Sunday. Several dredgers, including a specialized suction dredger that can extract 2,000 cubic meters of material per hour, were digging around the vessel’s bow, the company said.

Lt. Gen. Osama Rabie, the chairman of the Suez Canal Authority, said that water had started running underneath the vessel.

“We expect that at any time the ship could slide and move from the spot it is in,” he told a news conference on Saturday.

Salvagers are determined to free the vessel this weekend, but their best chance may be on Monday, when a spring tide will raise the canal’s water level as much as 18 inches, analysts and shipping agents said.

It is a delicate mission. Salvage crews are trying to move the ship without unbalancing it or breaking it apart.

With the ship sagging in the middle, its bow and stern both caught in positions for which they were not designed, the hull is vulnerable to stress and cracks, according to experts. Just as every high tide brings hope the ship can be released, each low tide puts new stresses on the vessel.

Teams of divers have been inspecting the hull throughout the operation and have found no damage, officials said.

The ship’s manager said that in addition to the tugboats and dredgers, high-capacity pumps will draw water from the vessel’s ballast tanks to lighten the ship.

But the situation puts global supply chains another day closer to a full-blown crisis.

Vessels packed with the world’s goods — including cars, oil, livestock and laptops — usually flow through the waterway with ease, supplying much of the globe as they traverse the quickest path from Asia and the Middle East to Europe and the East Coast of the United States.

Some ships have already decided not to wait, U-turning to take the long way around the southern tip of Africa, a voyage that could add weeks to the journey and cost more than $26,000 a day in fuel costs.

If the ship breaks free by Monday, the shipping industry can absorb the inconvenience, analysts said, but beyond that, supply chains and consumers could start to see major disruptions.

https://www.nytimes.com/live/2021/0...ising-tides-crews-race-to-free-the-ever-given

 

[Arkain2K]

Over 300 giant cargo ships and oil/natutal gas tankers are anchored and waiting at each end of the canal as of Sunday morning:

 

[Arkain2K]

 

[Confucamus]

The raw materials to make it are what's being delayed... Can't make it without

Time for you to transition to wet wipes. You'll never go back.

 

[Arkain2K]

Thats probably a $10,000,000 per hour fuck up

Significantly more, and rising as the traffic jam continues to grow.

 

[Officer Rick]

Time for you to transition to wet wipes. You'll never go back.

Bidet ftw

 

[mike bags]

Yet another reason to localize production. I realize not everything can be produced locally, but one ship messing up 10% of global commerce should compound the kick in the ass Covid gave us.

The livestock thing caught me off guard. I never even considered there are so many animals shipped via water. It's a big "no shit" moment, but something that never entered my consciousness. What are they going to do with the bodies? Feed the sharks?

yes. all that livestock is destined to be fish food.

it is biodegradable

 

[Confucamus]

Bidet ftw

 

[Arkain2K]

 

[Strategery]

I don’t day trade. I buy and hold and occasionally trim out the losers

I'm somewhere in between day-trade and buy-and-hold and also occasionally trim out the losers.

 

[ShinkanPo]

Floating, mobile butcher shops!

But seriously, probably stuck for one more week with feed running out and shit piling up? Noah's Ark these things are not, I imagine. I don't know the numbers or types of animals, but can you imagine the jobs involved to clean the biohazard afterwards? Gruesome stuff.

My people will take care of those shit

I shit you not we are experts at these!

 

[Jim Eagle]

@ToxicShocker
It was 9.5 billion a day on Friday

 

[Bald1]

My people will take care of those shit

I shit you not we are experts at these!

You guys have a monopoly on the residential cleaning industry here in Calgary so I can see it.

 

[Arkain2K]

‘Aladdin’s cave’ of goods and livestock worth billions of dollars stuck in Suez Canal blockage
More than 360 vessels have been stranded in the Mediterranean to the north and in the Red Sea at the other end ​

An Aladdin’s cave of goods ranging from Ikea furnishings to tens of thousands of livestock is stuck in a maritime traffic jam caused by the Suez Canal blockage.

More than 360 vessels have been stranded in the Mediterranean to the north and in the Red Sea at the other end as well as in holding zones since giant container ship MV Ever Given was wedged diagonally Tuesday across the Suez, a lifeline for world trade.

Industry experts have estimated the total value of goods marooned at sea at anywhere between US$3 billion and US$9.6 billion.

Some 1.74 million barrels of oil a day is normally shipped through the canal, but 80 per cent of Gulf exports to Europe pass through the Sumed pipeline that crosses Egypt, according to Paola Rodriguez Masiu of Rystad Energy.

According to MarineTraffic, about 100 ships laden with oil or refined products were in holding areas on Sunday.

Crude prices shot up on Wednesday in response to the Suez blockage before dropping the next day.

Sanctions-hit Syria, however, on Saturday announced a new round of fuel rationing after the hold-up delayed a shipment of oil products from ally Iran.

Apart from goods, some 130,000 head of livestock on 11 ships sent from Romania have also been held up.

“My greatest fear is that animals run out of food and water and they get stuck on the ships because they cannot be unloaded somewhere else for paperwork reasons,” Gerit Weidinger, EU coordinator for NGO Animals International, told British newspaper The Guardian.

Egypt, for its part, has sent fodder and three teams of vets to examine livestock stuck at sea, some bound for Jordan.

Sweden’s Ikea said it has 110 containers on the stricken Ever Given and other ships in the pile-up.

“The blockage of the Suez Canal is an additional constraint to an already challenging and volatile situation for global supply chains brought on by the pandemic,” an Ikea spokesperson said.

The Van Rees Group, based in Rotterdam, said 80 containers of tea were trapped at sea on 15 vessels and said there could be “chaos” for the company as supplies dried up.

Dave Hinton, owner of a timber company in northwest England, said he had a consignment of French oak stuck on a ship.

The oak had been sent from France for reprocessing into veneered flooring in China, and was on its way back to a customer in Britain, Hinton said.

“I’ve spoken to my customer and told him the bad news that his floor was blocking the Suez Canal. He did not believe me, he thought I was pulling his leg,” he told BBC radio on Friday.

Shipping giants such as Denmark’s Maersk have diverted ships to the longer journey around South Africa’s Cape of Good Hope, adding at least seven days to the travel time.

Even if the Ever Given were dislodged, Maersk estimated on Saturday it would take between three and six days for the stranded ships to pass through the canal.

The company said that 32 Maersk and partner vessels would be directly affected by the end of the weekend, with 15 diverted, and the numbers could increase unless the canal was reopened.

According to Lloyd’s List, up to 90 per cent of the affected cargo is not insured against delays.

https://amp.scmp.com/news/world/afr...ds-and-livestock-worth-billions-dollars-stuck

 

[GoldenWolf87]

That turned out to be a very expensive dick pic that they drew.

Why did they do it in near the Suez Canal?
When i saw the story it was hilarious.

 

[Ophydian]

Over 300 giant cargo ships and oil/natutal gas tankers are anchored and waiting at each end of the canal as of Sunday morning:

Looks like a normal day off the coast of Singapore.