March 26, 2021 11:18 AM

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Massive container ship stuck in Suez Canal for almost four days

The massive container ship, the 400 metre Ever Given, has been stuck in the Suez Canal, the world's busiest shipping route, for almost four days now causing huge traffic jams and substantial loss to many stake holders. A media statement from the technical management of the ship Bernhard Schulte Ship-management says that the crew onboard are Indians. The Company said that all 25 crew are safe and accounted for. All crew are Indian nationals and remain onboard.<br />'' <br />''The Suez Canal Authority (SCA) said nine tugs were working to move the vessel, which got stuck diagonally across the single-lane southern stretch of the canal on Tuesday amid high winds and a dust storm.<br />'' <br />''A total of 206 large container ships, tankers carrying oil and gas, and bulk vessels hauling grain have backed up at either end of the canal, according to tracking data, creating one of the worst shipping jams seen for years. The blockage comes on top of the disruption to world trade already caused in the past year by COVID-19, with trade volumes hit by high rates of ship cancellations, shortages of containers and slower handling speeds at ports.<br />'' <br />''The world's top line A.P. Moller Maersk said it was considering diverting vessels around Africa's Cape of Good Hope, adding five to six days to the journey between Asia and Europe.<br />'' <br />''Dredgers were working to clear sand and mud from around it while tugboats in conjunction with Ever Given's winches work to shift it, the vessel's technical manager, Bernhard Schulte Shipmanagement (BSM), said.<br />'' <br />''A higher tide due on Sunday may help the rescue efforts.<br />'' <br />''Roughly 30% of the world's shipping container volume transits through the 193 km Suez Canal daily, and about 12% of total global trade of all goods. Russia and Saudi Arabia are the top two exporters of oil through the canal, while India and China are the main importers, oil analytics firm Vortexa said.<br />'' <br />''<span style="color: #222222;">The Suez Canal is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia. Constructed by the Suez Canal Company between 1859 and 1869, it officially opened on 17 November 1869.</span><br />

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