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As massive ship remains stuck in the Suez Canal, signs of global economic toll emerge
The Pittsburgh Post-Gazette ^ | March 27, 2021 | Sudarsan Raghavan, The Washington Post

Posted on 03/27/2021 1:46:07 PM PDT by Tolerance Sucks Rocks

CAIRO - A giant container ship remained wedged sideways in the Suez Canal on Friday as signs of its potentially huge global economic toll emerged with shipping rates rising and cargo ships being rerouted away from the vital waterway.

The Ever Given, a Panama-flagged vessel whose length is nearly the height of the Empire State Building, has been stuck in the canal since Tuesday, creating a massive traffic jam on both sides of the waterway that connects Asia to Europe.

On Friday morning, the canal’s service provider, Leth Agencies, said in a tweet that the Ever Given “remains grounded in the same position” with tugboats and dredgers working to “refloat” the vessel, which is blocking the flow of an estimated $12 billion in goods.

With some experts predicting that freeing the ship could take weeks, some global shipping companies on Friday began seeking alternative routes for their cargo.

At least seven tankers carrying liquefied natural gas were diverted, including three steered toward the longer route to Europe via the Cape of Good Hope in southern Africa. Another nine more tankers are expected to be diverted if the blockage continues into the weekend, an analyst for data intelligence firm Kpler told the Guardian newspaper.

At least four long range oil tankers with the capacity to haul 75,000 tons of oil are also possibly headed around the Cape of Good Hope, London-based ship brokering firm, Braemar ACM told Reuters, adding that shipping rates have nearly doubled this week “as the market starts to price in fewer vessels being available in the region.”

(Excerpt) Read more at post-gazette.com ...


TOPICS: Business/Economy; Egypt; Foreign Affairs; Government; Japan; News/Current Events
KEYWORDS: accident; canal; china; containers; egypt; evergiven; evergreen; mishap; naturalgas; oil; opec; prices; redchina; shipping; suez; suezcanal; taiwan
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To: WellyP
The tugs don’t have the room to pull at the right angle and their prop wash is pushing against the hull of the ship.

But they have the horsepower to tow ships that size. The windlass is designed to handle an anchor and chain weighing a few hundred tons. It can't tow 200,000 tons off the beach.

61 posted on 03/27/2021 2:53:11 PM PDT by DoodleDawg
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To: Tolerance Sucks Rocks

Biden’s fault


62 posted on 03/27/2021 2:53:14 PM PDT by JonPreston (Q: Never have so many, been so wrong, so often)
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To: saintgermaine

Kind of like those guys in Canada who use one or more wreckers to right cabs and trailers in treacherous conditions and pull them out of ravines etc. The name of the TV show escapes me.


63 posted on 03/27/2021 2:54:41 PM PDT by Thank You Rush
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To: Gen.Blather

CSG21 will demonstrate a fully sovereign UK carrier strike group comprising:

HMS Queen Elizabeth (R08)
HMS Diamond (D34)
HMS Defender (D36)
HMS Kent (F78)
HMS Richmond (F239)
An attack submarine of either the Trafalgar or Astute class.
RFA Fort Victoria (A387)
A Tide-class tanker
In addition CSG21 will contain the following U.S. contributions:

VMFA-211 “Wake Island Avengers”
USS The Sullivans (DDG-68)

https://en.wikipedia.org/wiki/UK_Carrier_Strike_Group


64 posted on 03/27/2021 2:55:14 PM PDT by MinorityRepublican
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To: Diana in Wisconsin

Is the price of bananas soon to skyrocket, I wonder?

How the HECK can they come from so far away and only cost me 39-cents per pound as it is?

‘Cause...

Work all night and a drink a rum
(Daylight come and me wan’ go home)
Stack banana ‘til the morning come
(Daylight come and me wan’ go home)


65 posted on 03/27/2021 2:55:43 PM PDT by Flick Lives (“Today we celebrate the first glorious anniversary of the Information Purification Directives.”)
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To: Diogenesis

They would only need to remove enough containers so it won’t be too top heavy, then they could possibly offload some ballast & get it floating without rolling over.


66 posted on 03/27/2021 3:02:54 PM PDT by smokingfrog ( sleep with one eye open (<o> --- )
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To: Eddie01

You will need an F-250 with a 6 liter diesel, a 750 ton tow strap, and probably at least 10 cans of WD40.


67 posted on 03/27/2021 3:08:43 PM PDT by smokingfrog ( sleep with one eye open (<o> --- )
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To: Tolerance Sucks Rocks

Quick, get those wind turbines cranking and the solar cells on line!

It’s our only hope!


68 posted on 03/27/2021 3:09:00 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: MHGinTN

The primary places of pirate activity on the world today are basically either side of the Suez. Diverting ships away from it actually makes them LESS vulnerable.


69 posted on 03/27/2021 3:14:30 PM PDT by discostu (Like a dog being shown a card trick )
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To: saintgermaine

By “several” do you mean A THOUSAND?! It’s as big as the Empire State Building, you ain’t moving that with a couple farm tractors.


70 posted on 03/27/2021 3:16:44 PM PDT by discostu (Like a dog being shown a card trick )
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To: Tolerance Sucks Rocks
So the Evil Elites have now tested two tools in their World Domination plan. (1) Stop most activity using a lethal epidemic, and (2) Block a MAJOR trade artery. What's next?
71 posted on 03/27/2021 3:20:19 PM PDT by I am Richard Brandon
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To: smokingfrog
You will need an F-250 with a 6 liter diesel, a 750 ton tow strap, and probably at least 10 cans of WD40.

You forgot the most important need: A couple cases of beer!

72 posted on 03/27/2021 3:21:58 PM PDT by blu (Bagster's ping on the side)
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To: YouGoTexasGirl

“Hey, put a big flat tube around it about 10’ below water, air it up, start engines and she’s off!!!
Your welcome! Blonde Engineer from Texas”

Redneck NE Tx engineer here that should work. Stuck in sand not rock. No need for winches etc. Maybe tugs/fireboats blasting water at sand at stern and bow, just sand again. Somewhat slow process to fill tube with air but that gives time to monitor hull integrity. Air compressors will be available on tugs, other craft & onshore. Follow with a dredge or 2 to pump sand back out of channel after freeing ship. Now just need the world’s largest innertube with lots of nipples for air intake and lots of air hose lines. Somebody call Harborfreight. You can thank me later.


73 posted on 03/27/2021 3:24:33 PM PDT by nomorelurker
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To: nomorelurker

LOL


74 posted on 03/27/2021 3:28:51 PM PDT by MHGinTN (A dispensation perspective is a powerful tool for discernment)
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To: AFreeBird

Don’t they measure the ships before they let them through the canal?


75 posted on 03/27/2021 3:30:30 PM PDT by scrabblehack
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To: scrabblehack

Ships this big go through the canal all the time (like a thousand times a day all the time). They just don’t usually run out of gas in a windstorm.


76 posted on 03/27/2021 3:32:12 PM PDT by discostu (Like a dog being shown a card trick )
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To: Tolerance Sucks Rocks

I think they’re going to need a bigger plunger.


77 posted on 03/27/2021 3:32:15 PM PDT by Stosh
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To: Tolerance Sucks Rocks

I wonder if anyone has asked Congressman Hank Johnson about tipping the ship to free it? He’s an expert on large objects in bodies of water you know.


78 posted on 03/27/2021 3:34:01 PM PDT by chickenlips (Neuter your politicians)
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To: saintgermaine

You are talking 220000 tons buried 40-50 feet on one end and 20-30 feet on the other.
So far, 8 6-8000 HP tugs can’t budge it, and some CAT earth movers can?


79 posted on 03/27/2021 3:40:45 PM PDT by stationkeeper
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To: scrabblehack

Yea, of course they do. They wouldn’t let them in if they didn’t fit the parameters. Ships and weather are an ancient problem. Doesn’t matter where you are or what your driving. When you’re at the mercy of two fluids that can go crazy, $#!t happens.


80 posted on 03/27/2021 3:43:36 PM PDT by AFreeBird
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