Published 14:27 IST, March 27th 2021
Is the ship still stuck in Suez Canal? How did the cargo ship get stuck?
Is the ship still stuck in Suez Canal? Ever Given ship is stuck for 3 days now and it costs the world around ₹2800 crore every hour. Read more.
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Suez Canal is blocked for past 3 days and at least 237 ships are stuck at both ends. Every passing hour costs ₹2800Cr to world and 30 % of global shipments pass from this highly important trade route. Egypt's Canal is blocked by a massive ship called Ever Given which is twice height of Statue of Unity in India.
Is ship still stuck in Suez Canal?
Ever Given ship operated by Evergreen Marine, a Taiwan-based company, is as huge as four football pitches. still-stuck ship is blocking sourn end of canal and so or ships are unable to get through one of world's busiest waterways. According to New York Times, Ever Given ship will remain blocked at least for few more days which is why many ships have changed ir directions and have taken longer route. additional fuel charges for journey will cost traders more than $30,000 per day, depending on ship, which may around up to more than $800,000 total for extended trip.
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How did ship get stuck in Suez Canal?
Suez Canal is a 193-km canal; an artificial sea-level waterway in Egypt that connects Mediterranean Sea to Red Sea. It also provided shortest sea link between Asia and Europe. On Tuesday, 224,000-tonne container ship was stuck horizontally due to powerful winds. This resulted in complete block of traffic and delayed several ships carrying cargo ranging from oil to consumer goods. entire crew of Evergreen Marine's Ever Given ship is Indian which includes 25 crew members. All members are safe.
According to Ministry of Commerce and Industry's statement, block of Egypt's Suez Canal has affected global trade extensively. As per ministry statement: "If two more days are taken before efforts result in clearance of canal, total backlog created would be about 350 vessels. It is estimated that this backlog should take about a week time to clear out. It was decided in meeting to closely monitor situation". Traders stuck at location only have two options in which y can eir wait for canal to clear or y can take longer route which will add 26 more days to ir schedule including additional fuel charges that cost more than $30,000 per day.
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Promo Im ~ AP
14:27 IST, March 27th 2021