Apr 06, 2021 08:53 PM IST
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.
- Apr 03, 2021 04:06 PM IST
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.
- Apr 02, 2021 08:54 PM IST
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.
- Mar 31, 2021 04:43 PM IST
The Suez Canal crisis was short, but was years in the making
- Mar 30, 2021 05:21 PM IST
The index has to continue to hold above 14,750 to move towards 15,000 and 15,100, while on the downside, support exists at 14,600 and 14,500 levels, say experts.
- Mar 30, 2021 04:12 PM IST
Against this backdrop, governments and businesses alike are bringing production back home where it may be more expensive but at least is more secure.
- Mar 30, 2021 02:50 PM IST
The blockage at the Suez Canal disrupted global trade, causing losses worth billions. About 15 percent of world shipping traffic transits the Suez Canal, according to a Reuters report.
- Mar 30, 2021 08:26 AM IST
The United Kingdom Maritime Trade Operations naval authority said separately that ships diverting around Africa could mean that more traffic passes through high risk areas where pirate gangs operate.
- Mar 29, 2021 10:23 PM IST
Amidst the terrible situation that held up traffic and slowed global trade, a new web application has surfaced on social media, that lets users visualise what the ship would look like when stuck in different places.
- Mar 29, 2021 08:14 PM IST
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.
- Mar 29, 2021 07:12 PM IST
The ship is currently on its way to Great Bitter Lake, according to Leth Agencies, which is a transit agent at the Suez Canal.
- Mar 29, 2021 04:14 PM IST
Indian exporters and importers have heaved a sigh of relief over news reports that the MV Ever Given, which has been blocking the Suez Canal for nearly a week now, is refloated.
- Mar 29, 2021 02:41 PM IST
Shipping analysts estimated the colossal traffic jam was holding up nearly $10 billion in trade every day.
- Mar 29, 2021 01:57 PM IST
Around 18,829 ships passed through the canal carrying around 1.17 billion tonnes of cargo.
- Mar 29, 2021 01:24 PM IST
Over 300 ships are currently waiting to travel through the canal.
- Mar 29, 2021 01:14 PM IST
Brent oil was down $1.19, or 1.8%, at $63.38 a barrel by 0658 GMT. U.S. crude fell $1.34, or 2.2%, to $59.63 a barrel.
- Mar 29, 2021 01:06 PM IST
The massive container ship blocking the Suez Canal for almost a week has been turned 80 percent in the right direction, officials said on Monday, raising hopes the vital trade route could soon be clear. The website vessel finder has changed the status of the ship to under way.
- Mar 29, 2021 12:29 PM IST
Here’s a look at some major incidents that have closed or threatened the bottleneck in the past.
- Mar 29, 2021 09:43 AM IST
The Suez Canal Authority had earlier said in a statement that tugging operations to free the ship had resumed.
- Mar 28, 2021 03:54 PM IST
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.
- Mar 28, 2021 10:10 AM IST
Although strong tides and winds complicated efforts to free the ship, the tugboats managed to move it 30 degrees in two directions.
- Mar 27, 2021 08:42 PM IST
A giant container ship remained stuck sideways in the Suez Canal for a fifth day Saturday, as authorities prepared to make new attempts to free the vessel and reopen a crucial east-west waterway for global shipping.
- Mar 27, 2021 04:57 PM IST
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.
- Mar 27, 2021 03:09 PM IST
Pointing to the health risk to animals—dehydration, injuries, starvation, etc— and crew, who would be unable to get rid of dead animals in the Canal, experts have described the situation 'ticking biohazard time bomb'.
- Mar 27, 2021 12:34 PM IST
The exacerbated impact comes at a time of “unprecedented demand” as the Canal handles 12 percent of global trade.