Breaking News: Ever Given’ re-floats after six days; ships resume traffic in Suez Canal shortally

By Our Special Correspondent

Cairo: Rescue teams of Suez Canal Authority finally made stranded ship to float again after hectic efforts which last for six days.

“The Panamanian container ship has been successfully re-floated. This was the result of successful push and tow maneuvers which led to the restoration of 80% of the vessel’s direction; with the stern 102 m. away from the bank of the Canal now instead of 4 m. prior to the re-floating,” Admiral Osama Rabie, Chairman and Managing Director of the Suez Canal Authority (SCA), announced today, Monday 29th March, 2021.

He added that maneuvers are set to be resumed once more during high tide at 11:30 a.m.; as it shall reach 2 m., allowing for the full restoration of the vessel’s direction so it is positioned in the middle of the navigable waterway.

“His Excellency, Admiral Rabie, would like to reassure the international navigation society as navigation shall be resumed immediately upon the complete restoration of the vessel’s direction and directing it to the Bitter Lakes waiting area for technical inspection.His Excellency has also commended the efforts of the SCA workers who achieved this heroic feat saying that they have done their patriotic duty impeccably and that in all certainty work will be complete very soon,” a press note issued by the Suez Canal Authority quoted him as saying.

It is worth noting that the 400 metre-long Ever Given had struck diagonally across a southern section of the canal in high winds early last Tuesday, halting shipping traffic on the shortest shipping route between Europe and Asia. At least 369 vessels were waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) vessels, SCA Chairman Osama Rabie said.

World economy has been facing $9 billion per day following jamming of Ever Given’ in Suez Canal. Shipping rates for oil product tankers nearly doubled after the ship became stranded, and the blockage has disrupted global supply chains, threatening costly delays for companies already dealing with Covid-19 restrictions.

Following announcement by the Chairman of SCA that ship had been re-floated, oil prices sharply fell with Brent crude down by $1 per barrel to $63.67. Shares of Taiwan-listed Evergreen Marine Corp — the vessel’s lessor — rose 3.3 per cent.

About 15pc of world shipping traffic transits the Suez Canal, which is a key source of foreign currency revenue for Egypt. The current stoppage is costing the canal $14-$15 million a day.

Leave a Reply