The Suez Canal is reopened, and over 400 overstocked ships will be cleared within 4 days
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The satellite map shows that on March 29, the “Longci” ship after being de-shallowed had sailed into the Great Bitter Lake in the middle of the Suez Canal after two hours of sailing. The current speed is 7.6 knots. The Big Bitter Lake has a natural waterway with a width of 9 kilometers and a length of 17 kilometers, which is sufficient for all kinds of ships to move unimpeded.
Osama Rabie, the head of the Suez Canal Authority, said that after the "Long Gift" vessel was successfully retreated and transferred to the Great Bitter Lake, the Suez Canal has been opened. The current backlog of 422 ships can be cleared within 3.5 days and traffic within 4 days. It will return to normal, "We will work around the clock to release the backlog of ships."
Rabie predicts that by the early morning of March 30, local time, 113 ships will pass through the canal in both directions. In addition, he also stated that ships of the same size as the "Long Gift", the world's largest container ship, can safely pass through the canal, and the Suez Canal Authority will not change its policy of accepting such ships.
Rabie added that as livestock need to be replenished, the ships transporting the livestock have been given priority. It is reported that due to the ship jam, it is estimated that at least 20 ships carrying livestock have broken down, of which about 130,000 animals transported on at least 10 livestock ships are at risk of death.
On the morning of March 29, local time, the "Longci" had partially floated, its course was corrected by 80%, and the stern began to leave the river bank. Egyptian President Sisi immediately tweeted congratulating the rescue of the "Long Gift" ship and thanked the Egyptian people for overcoming many difficulties and finally rescuing the trapped giant ship. "The situation is back on track through the hands of the Egyptians, and the whole world can Obtain a guaranteed path for its goods and needs to be transported through this channel".
In the afternoon of the same day, the ship "Longci" finally got off the ground after being stranded for six days. According to the statement issued by Changrong Shipping, the charterer of "Longci", the ship had re-floated at 15:04 Egypt time (21:04 the same day Beijing time) and moved out of the originally stranded channel with the assistance of the tugboat. The Suez Canal resumes normal traffic.
Boskalis, the parent company of SMIT Salvage, a Dutch professional salvage company in charge of rescue work, also issued an announcement on the same day, announcing that SMIT's expert team has successfully re-floated the "Long Gift" vessel. In order to rescue the "Longci" ship, the rescue team dug up about 30,000 cubic meters of sediment to help the ship get out of trouble. A total of 11 port tugboats and 2 powerful ocean-going tugboats ("AlpGuard" and "Carlo") were dispatched. Magna".)
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Peter Berdowski, Chief Executive Officer of Boskalis, said: “Shortly after the'Long Gift' ship stranded, we were hired through SMIT Salvage to assist in the salvage work. I am pleased to announce that our team of experts has worked closely with the Suez Canal Authority. At 15:05 on the 29th, the "Long Gift" vessel was successfully re-floated, thus making the Suez Canal freely navigable."
Earlier, the Suez Canal Authority set a deadline of March 30. If it fails to get out of the water on the evening of March 29, local time, the "Changci" vessel will begin to unload its containers on March 30. However, driven by the spring high tide that was higher than the previous one, the "Long Gift" wheel was able to move about 23 meters and finally got out of trouble.
More than 400 overstocked ships are released "fast"! The Suez Canal has officially resumed navigation. More than 400 overstocked ships are "fast" released! Suez Canal officially resumed navigation
Evergreen Shipping said in an announcement that the "Long Gift" vessel will first move to the anchorage in the waters of the Great Bitter Lake of the Suez Canal for the ship's seaworthiness inspection. The ship's subsequent voyage and cargo delivery will be subject to the inspection results of the ship survey agency, and necessary adjustments and arrangements will be made.
Rabie revealed that after the initial inspection, the "Long Gift" vessel could carry out limited voyages and none of the containers were damaged. However, the second inspection will be more precise, and if it is affected, it will be displayed.
The shipping company suffered heavy losses, and the chain reaction caused by the accident may last for several months
Although the Suez Canal Authority will release all blocked ships as soon as possible, Maersk, the world's largest shipping company, said that the chain reaction of the closure of the Suez Canal and the disruption of global shipping may take weeks or even months to eliminate.
As of the morning of March 29, the number of "backlog" ships in the Suez Canal reached 384 21.5 million GT, equivalent to 1.5% of the global fleet (calculated in GT), including 88 container ships (4.2%) and 101 bulk cargo Ships (0.8%), 49 oil tankers (0.9%), 11 LNG ships (1.9%), 11 LPG ships (1.2%) and 18 automobile carriers (2.9%). The value of the "waiting in line" ships totaled approximately US$12 billion, affecting more than 8,000 seafarers.
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Industry insiders estimate that the owner and charterer of the delayed ship will face at least US$24 million in expenses that cannot be recovered, because the insurance policy does not cover these expenses, and the shipper may also face uninsured losses. The Suez Canal is also an important source of Egypt’s foreign exchange income, and the suspension will cost Egypt USD 14-15 million a day.
The German insurance giant Allianz Group estimates that the blockage of the Suez Canal will result in a weekly loss of US$6 billion to US$10 billion in global trade.
The impact of the closure of the Suez Canal will continue to affect the shipping industry in the near future, because container ships account for a large proportion of the Suez Canal transportation, and several container ships have already bypassed Africa. It is understood that Maersk already has 15 container ships re-planning their routes around the Cape of Good Hope.
In the coming weeks, major European ports will see a large number of container shocks at the same time, further increasing the extensive logistics bottlenecks across the European continent; "Waiting time at the canal, the Cape of Good Hope and the anchorage outside the port, as well as the waiting time for equipment turnover at the unloading port, It is likely to exacerbate the already severe inefficiency of the entire container ship fleet." In addition, for oil tankers and bulk carriers, blockage will help increase freight rates, but the impact is much smaller.
The 193-kilometer Suez Canal is one of the busiest waterways in the world. Approximately 12% of global trade, about 10% of offshore oil trade, and 8% of global LNG are transported through this canal. According to a report issued by the Suez Canal Authority in January this year, a total of 18,829 ships will pass through the Suez Canal in 2020, with a net tonnage of 1.17 billion tons. Based on this calculation, an average of 51 ships will pass through each day.
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On the morning of March 23, local time, when the “Longci” vessel entered the Suez Canal from the north of the Red Sea, it was suspected of being struck by strong winds, which caused it to bottom out and grounded. It was the worst congestion in the 150-year history of the Suez Canal.
It is understood that the "Nagagi" is a 20388TEU ultra-large container ship with a length of 400 meters, a width of 59 meters, a draft of 15.7 meters, and a gross tonnage of 219,079 tons. , Long-term lease to Taiwan Evergreen Shipping. The ship departed from Ningbo on March 4, passed through Taiwan, Yantian, and Tanjung Palapas in Malaysia, and arrived at the Suez Canal in Egypt on March 22. It was originally scheduled to arrive in Rotterdam, the Netherlands on March 31. The ship carried about 18,300. Containers.
Regarding the cause of the accident, a spokesperson for the Suez Canal Authority stated that the grounding cannot be solely attributed to strong winds and weather, but there may also be human error and technical problems. After the accident is handled, the main reason for the grounding of the "Changci" ship will be investigated.
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