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Lars Jensen, a Denmark-based maritime expert, said that if the Ever Given container ship remains stuck, the impact on global trade could be huge. 11:34 GMT Impact on global trade could be huge: Analyst Taiwan’s Evergreen Marine Corp said Smit Salvage from the Netherlands and Nippon Salvage from Japan had been appointed by the shipowner and would work alongside the captain and the Suez Canal Authority.
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Two professional rescue teams from the Netherlands and Japan will work with local authorities to design a more effective plan to refloat the Ever Given container ship, the company leasing the ship said. 12:00 GMT Rescue teams to work on plan to refloat ship The Suez Canal Authority (SCA) said eight tugs were working to move the vessel, which got stuck diagonally across the single-lane southern stretch of the canal on Tuesday morning amid high winds and a dust storm. The 400m (430-yard) Ever Given, almost as long as the Empire State Building is high, is blocking transit in both directions through one of the world’s busiest shipping channels for oil, agricultural products, and manufactured goods trade linking Asia and Europe. 12:35 GMT In Pictures: Suez Canal suspends traffic as ship stuck like ‘beached whale’Ī container ship blocking the Suez Canal like a “beached whale” sent new shockwaves through global trade on Thursday as officials stopped all ships entering the channel and the salvage company said it may take weeks to free. In the latest challenge, more than 30 container ships are unable to sail after the 400-metre (430-yard) Ever Given boxship ran aground in the Suez Canal, blocking transit, the sources said. The suspension of traffic through the Suez Canal has deepened problems for shipping lines that were already facing disruption and delays in supplying retail goods to consumers, shipping sources said according to Reuters news agency.Ĭontainer shipping companies, carrying retail goods ranging from mobile phones and designer goods to bananas, have been struggling for months with disruptions caused by the coronavirus pandemic and a surge in demand for retail goods that led to wider logistical bottlenecks around the world.
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14:43 GMT Global container crunch deepens with boxships stranded “It’s not just about oil,” he said, adding the goods coming from the far east, including China, where “just as important”. “Each day people have made estimates that between $8-10 billion of trade is going through the Suez Canal – absolutely fundamental for European supply chains,” James Moran told Al Jazeera.
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The former EU ambassador to Egypt has said the crisis at the Suez Canal could prove to be “very costly”. 15:40 GMT ‘Very costly’ – former EU ambassador to Egypt The Ever Given vessel ran aground diagonally across the single-lane stretch of the southern canal on Tuesday morning after losing the ability to steer amid high winds and a dust storm, according to SCA. The announcement on Thursday came after low tide overnight slowed efforts to dislodge the massive vessel that has choked traffic in both direction along the canal and created one of the worst shipping jams seen in years. Egypt’s Suez Canal Authority (SCA) said it was temporarily suspending navigation through one of the world’s busiest shipping lanes until the grounded container vessel MV Ever Given is refloated.