The ship refloated after getting stuck in the Suez Canal – the latest incident to hit the world’s trade artery

The ship refloated after getting stuck in the Suez Canal – the latest incident to hit the world’s trade artery

Top line

A ship has been refloated after running aground in Egypt’s Suez Canal on Monday, according to news reports, briefly disrupting traffic in the latest incident to hit one of the world’s busiest shipping routes since early 2021, when a colossal container ship paralyzed global supply chains after blocking channel for several days.

Keywords

The MV Glory, a China-bound cargo ship reportedly carrying nearly 66,000 tons of corn from Ukraine, has been refloated after being briefly stranded in the Suez Canal, according to news reports citing shipping agency Leth and Suez Canal Authority officials.

Around 20 ships stopped from traveling south through the waterway will be able to start or resume their passage with minor delays, Leth so, adding that “regular convoy” will resume at 11 a.m. local time.

The head of the Suez Canal Authority, Osama Rabie, confirmed the incident and said the vessel ran aground after a “sudden technical failure”, according to AFP.

The ship is now being towed away by tugboats for repairs, Rabie added.

Traffic through the canal is “normal,” Rabie said.

Satellite tracking data showed the MV Glory in a single-lane zone of the Suez Canal south of the Mediterranean port of Said, according to the Associated Press, and a photo posted by Leth suggested it was against the canal’s width rather than keeled. over the waterway.

Key background

The Suez Canal offers the most direct maritime connection between Asia and Europe and is one of the busiest waterways in the world. It is a crucial supply chain channel for all kinds of goods, and around 12% of world trade reportedly passes through the channel each year. Increasing shipping volume and the increasing size of ships have strained the canal, which was first built in the 19th century, especially shallower bottlenecks along the route. Global trade came to a halt in 2021 when the Ever Given, a giant container ship, got stuck in the middle of a single-lane passage for days before being freed. The blockade triggered shipping delays, high shipping costs, increases in oil prices and delayed traffic that snarled ports for months as ships that were diverted or delayed arrived off schedule. The specter of global trade chaos reared its head again in September when a tanker ran aground near the same spot Ever Given got stuck, although tugboats were able to quickly free the vessel.

Tangent

Ever Forward, owned by the same company as Ever Given, was stuck for a month in the Chesapeake Bay in early 2022. It was freed after a salvage operation by a team of responders including the Coast Guard and the Maryland Department of the Environment.

Big number

18,000. That’s how many ships pass through the Suez Canal every year, according to Bloomberg.

Further reading

The Suez Canal is briefly blocked again after another ship, the Affinity V, gets stuck (Guardian)

The untold story of the great boat that broke the world (Wired)

A giant ship that blocked the Suez Canal has been freed after months of fighting for compensation (Forbes)

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