Is the ship still stuck in the Suez Canal?

Is the ship still stuck in the Suez Canal?

The blockage of Egypt's Suez canal by a giant container ship is causing a "traffic jam" in the Red Sea, according to a merchant seaman on a nearby ship.

"Furthermore, the SCA expressed honest gratitude for all the offers it received for assistance in this regard, while also highlighting the ongoing efforts towards refloating the container ship and affirming its keenness on ensuring regular global maritime traffic in the Suez Canal as soon as possible", it added.

The Ever Given sits with its bow stuck into the wall on March 24, 2021, after it become wedged across Egypt's Suez Canal and blocked all traffic in the vital waterway.

An initial investigation showed the vessel ran aground due to strong winds and ruled out mechanical or engine failure as a cause, the company said.

The colossal ship, spanning 400 meters in length and 59 meters in width, ran aground on March 23, at 6 nautical miles from the southern entrance of the canal.

No time estimate for the refloating has been given, and shipping lines may be forced to divert away from the Suez Canal and travel around the Cape of Good Hope instead.

Fuel is a ship's single biggest cost, representing up to 60% of operating expenses.

About about 300 vessels remain in a holding pattern, outside the Suez Canal.

Analysts have warned that the ongoing blockage in the Suez Canal is likely to have significant repercussions for global supply chains, which have already been under strain since the outbreak COVID-19 pandemic.

The oil markets were also lifted by worries over escalating geopolitical risk in the Middle East. Yemen's Houthi forces on Friday said that they launched attacks a day earlier on Saudi Arabia targeting facilities owned by state-owned oil company Saudi Aramco and military sites.

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The delay could also result in hefty insurance claims by companies, according to Marcus Baker, Global Head of Marine & Cargo at the insurance broker Marsh, with a ship like the Ever Given usually covered at between $100 million-$200 million.

It's not every day Egypt's Suez Canal makes worldwide headlines.

"We certainly hope that the canal will be open, and the accident can be handled properly as soon as possible", said a spokeswoman for China's foreign ministry, Hua Chunying.

With the bow plowed into one of the banks of the canal, an excavator has been put into service and dredgers have tried to clear silt around the ship.

Readers emailed Snopes, reporting that viral social media posts alleged Elselehdar was the Ever Given's captain.

A blockage of this kind and of this scale has never happened in the Canal's 150-year history.

A team from Boskalis, a Dutch firm specialised in salvaging, started working with the canal authority Thursday.

The canal authority said late Thursday that they would need to remove between 15,000 to 20,000 cubic metres (530,000 to 706,000 cubic feet) of sand to reach a depth of 12 to 16 metres (39 to 52 feet).

Brand-new Kia automobiles, cases of Heineken beer, live animals and billions of dollars of crude oil and other commodities remained stranded in the Suez Canal on Friday, as tugboats and dredgers tried to free a grounded container ship that has come to symbolize the perils of a global economy that relies on being able to send goods around the world in larger and larger vessels.

The canal extends from the northern terminus of Port Said to the southern terminus of Port Tewfik at the city of Suez.

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