CONTAINER SHIP RAN AGROUND IN SUEZ CANAL, BLOCKING THE TRAFFIC

Container ship Ran Aground in Suez Canal, Closing the Canal Crossing to Traffic.

Container ship ran aground in Suez Canal, which is an incident disrupting the world trade. The container ship “Ever Given” was en route to the Port of Rotterdam from The Yantian District in China. However the 400 meters long and 59 meters wide vessel under the flag of Panama has ran aground in Suez Canal.

Vessel’s operating company Evergreen Marine said in a statement that the communication with the ship suddenly cut off. Also there had been a strong wind at the area during the incident. So it is also possible that the wind has diverted the ship from its course and stranded it.

TRAFFIC JAM IS GROWING IN SUEZ CANAL

There has been an unsuccessful re-floating attempt on Tuesday morning. Authorities are working on dislodging the huge vessel. However the shipping experts say it could take days or even weeks. The Suez Canal in Egypt has been one of the most important transition ways in the world. So the situation turned into a huge incident blocking one of the busiest trade waterways. Because, with such large scale blockage, a growing traffic occurred in trade traffic of both sides of the Canal. Correspondingly, around 160 incoming ships had anchored in the waiting areas in Mediterranean and Red Sea. Facing a delay of about a week, some shipping companies changed the routes to Southern tip of Africa.

OIL PRICES INCREASED 7% ON THE SAME DAY

On the other hand, the blockage is affecting 10 vessels carrying 13 million barrels of crude oil. Also their journey to Europe is expected to delay for 15 days. For this reason, it was stated that there will be a certain increase in oil prices. Also there had been an increase of 7% to current oil prices in following day of the blockage.

On the other hand, Egypt’s Suez Canal Authority (SCA) made a statement on the ongoing rescue work. They said the efforts continue with tug boats, dredgers and heavy equipment to re-float the vessel.

You can review the photos below.

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