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11 Results Found
  • Suez Canal may expand southern channel, chairman says Apr 06, 2021 08:53 PM IST

    Suez Canal may expand southern channel, chairman says

    The 400-metre-long (1,310 ft) Ever Given became grounded diagonally across the southern section of the canal during high winds on March 23. It remained stuck for six days, preventing hundreds of ships from passing and significantly impacting global trade flows.

  • Suez Canal shipping backlog to end on Saturday: Canal authority Apr 03, 2021 04:06 PM IST

    Suez Canal shipping backlog to end on Saturday: Canal authority

    International supply chains were thrown into disarray when the 400-metre-long (430-yard) Ever Given ran aground in the vital trade artery on March 23, with specialist rescue teams taking almost a week to free her after extensive dredging and repeated tugging operations.

  • Traffic jam eases further in Suez Canal after ship unblocked Apr 02, 2021 08:54 PM IST

    Traffic jam eases further in Suez Canal after ship unblocked

    Leth Agencies said that a total of 357 vessels have crossed the Canal since the ship was re-floated by a flotilla of tugboats, helped by the tides.

  • Shipping tariff rates may remain high despite Suez Canal traffic resumption Mar 29, 2021 08:14 PM IST

    Shipping tariff rates may remain high despite Suez Canal traffic resumption

    Tariffs are expected to remain elevated as the vessels that have been diverted already will need to be re-scheduled into the international shipping timelines, analysts have said.

  • Suez Canal traffic resumes as stranded container ship dislodged Mar 29, 2021 07:12 PM IST

    Suez Canal traffic resumes as stranded container ship dislodged

    The ship is currently on its way to Great Bitter Lake, according to Leth Agencies, which is a transit agent at the Suez Canal.

  • EXCLUSIVE | Suez Canal operations may restart today, ship to be fully floated in 5 hours Mar 29, 2021 01:57 PM IST

    EXCLUSIVE | Suez Canal operations may restart today, ship to be fully floated in 5 hours

    Around 18,829 ships passed through the canal carrying around 1.17 billion tonnes of cargo.

  • At the Suez, Hoping a Rising Tide Will Lift a Boat 4 Football Fields Long Mar 28, 2021 03:54 PM IST

    At the Suez, Hoping a Rising Tide Will Lift a Boat 4 Football Fields Long

    Canal authorities said Saturday that dredgers had managed to dig out the rear of the ship Friday night, freeing its rudder, and that by Saturday afternoon, they had dredged 18 meters down into the canal's eastern bank, where the ship’s bow was stuck solid. But after a salvage team failed once more to dislodge the four-football-field-long leviathan from the sand bank where it ran aground Tuesday, blocking all shipping traffic through the canal, global supply chains churned closer to a full-blown crisis.

  • Suez Canal blocked intact as efforts to refloat giant ship fail on March 27 Mar 28, 2021 10:10 AM IST

    Suez Canal blocked intact as efforts to refloat giant ship fail on March 27

    Although strong tides and winds complicated efforts to free the ship, the tugboats managed to move it 30 degrees in two directions.

  • MC Exclusive | Suez Canal container ship partly refloated, authorities line up plans to clear traffic jam, says letter Mar 27, 2021 04:57 PM IST

    MC Exclusive | Suez Canal container ship partly refloated, authorities line up plans to clear traffic jam, says letter

    The mega container Ever Given got wedged on March 23 in a single-lane stretch of the canal near the city of Suez, about 6 kilometres north of the southern entrance of the canal.

  • Exclusive | Two Indian-owned ships stuck in Suez Canal bottleneck, says industry body Mar 26, 2021 05:12 PM IST

    Exclusive | Two Indian-owned ships stuck in Suez Canal bottleneck, says industry body

    As per estimates, cargo worth around $10 billion is expected to get stuck a day due to the logjam.

  • Crew of Ever Given, cargo ship blocking the Suez Canal, are all Indian Mar 25, 2021 09:05 PM IST

    Crew of Ever Given, cargo ship blocking the Suez Canal, are all Indian

    The 25-member crew are safe and accounted for, says Bernhard Schulte Shipmanagement, the company that manages the Ever Given.

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