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Ever Given container ship partially freed

The Suez canal is home to as much as 12% of the world’s seaborne trade, and the blockage has caused a major navigational traffic jam.

The Ever Given container ship lodged in the Suez Canal for the past six days has been partially freed, but an official involved in the salvage operation said that the effort to restart traffic through the vital trading artery still faced significant obstacles.

Admiral Osama Rabie, chairman and managing director of the Suez Canal Authority (SCA), announced today, March 29, that the Panamanian container ship has been successfully refloated. The refloating 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 meters away from the bank of the Canal now instead of 4 meters prior to the refloating.

Maneuvers then resumed at high tide with tugs working to fully restoration of the vessel’s direction so it is positioned in the middle of the navigable waterway.

Rabie, said in the statement that SCA would like to reassure the international navigation society that 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.

The Ever Given became stuck after running aground while entering the Suez Canal from the Red Sea.

Last Friday on Feedstuffs 365, Archer Financial Services analyst Dennis Smith reported that the majority of European pork bound for China travels through the Suez Canal. While it is possible to go around the canal, the cost of doing so is an extra $500,000 per load. Click here for that interview. 

There were also reports of animals being on some of the backlogged ships with limited supplies of feed.

One of the largest container ships in the world, the Ever Given is a 220,000-ton mega ship nearly a quarter-mile long with a 20,000 container capacity.

The Suez Canal is home to as much as 12% of the world’s seaborne trade, and the blockage has caused a traffic jam of more than three hundred ships waiting to enter.

TAGS: Markets
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