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Thursday, April 22, 2021

Floating the delinquent Suez Canal ship after disrupting the shipping lane for about a week

The Egyptian Suez Canal Authority announced the start of the floatation of the giant container ship EverGiven after its delinquency caused the suspension of movement in the shipping lane for about a week, which had negative effects on global trade.

The ship’s course was significantly modified by 80% and its distance from the shore by 102 meters instead of 4 meters, according to an official statement of the Authority, while oil prices decreased immediately after the announcement of the ship’s float by more than 2%.

Sisi confirms the end of the crisis
The Egyptians succeeded in ending the crisis of the delinquent ship in the Suez Canal despite the enormous technical complexity that surrounded this process from every side, according to Egyptian President Abdel Fattah El-Sisi in a post on the social networking site Facebook.

By returning matters to their normal course, with Egyptian hands, the world reassures the path of its goods and needs that are passed through this central shipping artery, Sisi added, thanking everyone who contributed technically and practically to ending this crisis.

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