Suez Canal: Container ship Ever Given ran aground in Egypt causing traffic jam –

Suez Canal: Container ship Ever Given ran aground in Egypt causing traffic jam

Ship tracking data at Refinitiv Eikon showed that the tugs circling the ship bound for Rotterdam, which appeared on tracking maps, were still on land.

The 200,000-ton ship en route from the Red Sea to the Mediterranean ran aground at around 7:40 am (05:40 GMT) on Tuesday after the ship suffered a power outage, port agents GAC said on its website.

The GAC said 15 other ships in the northbound convoy behind the ship were stopped at anchorages waiting for the channel to clear. A southbound convoy was also blocked, he said.

The container ship, Ever Given, is 400 meters long (1,312 feet), 59 meters wide (193 feet) and can carry up to 20,000 20-foot equivalent shipping containers (TEU).

The Suez Canal Authority (SCA) could not immediately be reached for comment.

Nearly 19,000 ships, or an average of 51.5 ships per day, with a net tonnage of 1.17 billion tons passed through the canal during 2020, according to the SCA.

About 12% of the volume of world trade passes through the artificial channel, which is an important source of foreign exchange for Egypt.

Tankers have begun to pile up near the Suez Canal as they wait for the container ship to move.

“This can have a big impact on freight transport. If it lasts longer, it can cause shipping delays both ways,” said a Singapore-based shipping agent.

The impact on oil and gas flows will depend on how long it takes to clear the container ship, industry sources said.

“If it extends to, say, weeks, of course, it will disrupt all shipments in a major way,” said Ashok Sharma, managing director of Singapore-based BRS Baxi ship broker.

“But I think there should be enough resources available and close by to deal with the situation quickly, in days instead of weeks,” Sharma said.

Two LNG tankers are trapped in the canal and unable to pass through and may increase to six by Thursday, a second Singapore-based tanker corridor.


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