Bloomberg
Ships move in the canal after ever being freed: Suez Update
(Bloomberg) – Ships moved in the Suez Canal after the giant container ship Ever Given opened the main trade route to traffic. According to the ship tracking data, at least three ships were en route. The return of shipping will ease world trade, which was already under pressure before the last crisis. There were 437 ships waiting to cross the waterway, shipping agent GAC said earlier, citing the canal authority. The container shipping company Hapag-Lloyd AG expects the backlog to be eliminated within four days. The Ever Given reached Great Bitter Lake, where it will be inspected. Horns rang out in celebration after the ship had previously been freed from the bank of the canal in an operation that moved 30,000 cubic meters of sand. Highlights: Ships move in the Suez Canal Transit of the Canal, GAC Says Explainer: Why the Suez Canal is so important and why shipping was in trouble even before this crisis. Veterinarians posted to livestock keepers (8:32 p.m. London) The Egyptian Ministry of Agriculture sent veterinary teams to five livestock keepers from Romania and Spain who were caught in the canal, headed for Saudi Arabia and Jordan. The 60,400 sheep and 421 cattle on board were generally in good health, and the ships were being provided with additional feed and water, the ministry said in a statement. The European Commission has contacted the Romanian authorities about their cattle ships being stalled and the situation is currently not a cause for concern, a spokesman said. First ships to leave Great Bitter Lake (7.15 p.m. London) The container ship YM Wish, the first ship to leave the anchorage of Great Bitter Lake, has now reached the southern part of the canal en route to the Red Sea. This is followed by two more container ships, the Maersk Esmereldas and the Ever Globe, a sister ship of Ever Given, which have spent most of the past week blocking the waterway. There is also a line of up to 12 ships entering the north end of the canal, led by the Biglift Barentsz, a heavy-duty transporter heading for Singapore. Other ships in the anchorage of Great Bitter Lake also change their status from anchored to en route. The ship tracking data shows: http://t.co/0dC8LE0UFI pic.twitter.com/UZjcP2Mrpu – Bloomberg Quicktake (@Quicktake) March 29, 2021 Ships in motion in the Suez Canal (5.40 p.m. London) At least three ships were in motion in the Suez Canal. The ships Ever Globe and YM Wish were moving south from Great Bitter Lake, according to ship tracking data. Always given reaches Great Bitter Lake (4:49 pm London) The Ever Given reached Great Bitter Lake and left the traffic on the canal to the beginning. The ship is inspected at the lake. Romania urges livestock ships to be prioritized (4:15 p.m. London) The Romanian veterinary watchdog said steps are being taken to ensure that ships carrying livestock have priority when crossing the canal. Eleven ships from the country carrying 105,727 sheep and 1,613 cattle are in the queue. The Suez Canal Authority and the Egyptian Ministry of Agriculture have sent experts and veterinarians to the ships and additional food and water, it said. Ship moves on its own (3:47 p.m. London) The Ever Given seemed to move on its own and made her way north along the Suez Canal to Great Bitter Lake, where the hull is being inspected. The tugs that originally accompanied the ship have fallen behind, according to ship tracking data monitored by Bloomberg. Ever Given is moving at about 7 knots and should arrive at anchorage around 5:30 p.m. London time if that speed is maintained The ship is expected to arrive at Great Bitter Lake in 1 1/2 to 2 hours and once it is there, the other traffic can be resumed, said the shipping agent GAC, citing the canal authority. Transit is expected to return to normal in three to four days after the ship congestion is cleared. 193 ships are waiting in Port Said heading south, in Suez 201 heading north and 43 more in Buez Lake, GAC ship goes for inspection to Bitter Lake (3:09 pm in London) Ever Given is on its way to the Great Bitter Lake, where it is undergoing a full inspection, said Bernhard Schulte Shipmanagement, the ship’s technical manager, in a statement -Lloyd sees Suez transit from Monday (2:50 p.m. in London) Hapag-Lloyd expects the transit on the Suez- Canal starts later in the evening and the backlog can be resolved within four days. It’s still not clear whether ships could be prioritized for the crossing, according to the container shipping company. Tanker Stock Slide (2:46 p.m. London) Oil tanker company share prices retreated after the blockade was lifted. Frontline Ltd. fell in Oslo by up to 10%, while Euronav NV even fell by 4.7%. Peers like DHT Holdings Inc. and International Seaways Inc. also fell after strong gains on Friday when it looked like continued disruption to the Suez Canal could boost profits when ships travel through Africa) A total of 11 port tugs and two “mighty sea tugs “Alp Guard and Carlo Magna were deployed to rescue Ever Given,” Peter Berdowski, CEO of Boskalis, the parent company of the rescue team, said in a statement. About 30,000 cubic meters of sand were dredged. The ship is now being towed outside the canal for further inspection. Ship moves north towards Bitter Lake (2:35 p.m. London) Horns rang in celebration as Ever Green moved north towards Bitter Lake, after being cleared of the mud, it was stuck for days. Vessel tracking data showed the ship was 2 kilometers from where it landed. The ship is pulled free (2:12 p.m. in London). The Ever Given was eventually pulled free so that the canal could be reopened to traffic.The Suez Canal Authority said in a statement: The last attempt to free a ship failed (1:05 p.m. in London). An attempt to rescue Ever Given, which began around 11:30 a.m. local time, appears to have failed, and one person aware of the matter said another attempt would be made at 3:00 p.m. Once the ship is fully afloat again and navigation on the canal resumes, the ships will pass through at a rate of 100 per day to clear the backlog, the person said: 8 p.m. London) Ship delays will increase the available container shipping capacity effectively reducing the route at a time when it is desperately needed, said Greg Knowler, managing European editor for IHS Markit’s Journal of Commerce. Spot freight rates from China to Northern Europe are up almost 400% year-on-year, he said: “Even if Ever Given is out of the way and convoys are resumed, it will be many days before the congestion on each ship is cleared is the end of the canal, then a week so that the container ships heading west can reach the ports in Northern Europe, ”Knowler said in a note. “That could mean that the Suez ships arrive around the same time as dozens of ships diverted in Africa.” The ship is being rocked back and forth to pause the suction (12 noon in London) remove the front hull from the mud, people familiar with the operation said. The movement is similar to the wobbling of a tooth, said one of the people. Tugs to resume work to pull the ship free (10:45 a.m. in London) Live television images showed several tugs tied to the ship in the turquoise waters of the canal, but it wasn’t so it is not clear whether there was some movement. The spread around the bow is still continuing, and the tugs will then continue efforts to free the ship, said two people familiar with the operation. Egypt ended the crisis, President says (Monday, 10:30 am London) “The Egyptians managed today to end the crisis of the stranded ship on the Suez Canal, despite the enormous technical complications that have surrounded the process from all sides” said President Abdel-Fattah El-Sisi in a statement. The queue could be six days, Maersk says (Monday, 9:56 a.m. in London). “Based on an estimate of the current ship population, it can take six days or more for the entire queue to expire,” said a Maersk statement. Maersk and its partners have three ships stuck in the canal and 29 are waiting to enter. It is expected that more will reach the waterway today. Too early to celebrate, says Boskalis (Monday, 8 a.m. in London): “We have to be realistic, and that means the trunk of the ship is still stuck,” said Peter Berdowski. Boskalis Westminster CEO said, “Keeping the aft end of the ship afloat was the easy part,” he told Dutch NPO Radio. “The challenging part will be the front of the ship. Now we’re going to start working from the beginning. We don’t want to celebrate too early. “The ship will be able to use its own propulsion (Monday 7:50 in London). If the Ever Given is ready to be moved, the ship can likely use its own propulsion ability to sail to Bitter Lake, said those familiar with the situation. Euronav says it will take time to clear the ships queue (Monday 7:05 a.m. in London). “It’s one thing to get the ship afloat, it’s another thing to completely clear the canal of traffic,” Hugo De Stoop, CEO of the oil shipping company Euronav, told Bloomberg Television. “What has been accumulated so far will take some time to clear. The preliminary timeframe is likely two to three weeks as the Suez Canal was likely to be at full capacity. “Maneuvers are continuing, says Canal Authority (6:50 am Monday in London). The ship has been brought back afloat and work will resume around the time of high tide this morning, the Canal Authority said. The ship’s course was shifted by 80%, according to a statement: “The maneuvers are to be resumed when the water level rises to its maximum height at 11:30 am and reaches 2 meters. This means that the ship’s course can be completely changed to the middle of the shipping course, ”said the authority. Navigation in the canal will continue as soon as the ship is completely afloat and has been brought to the Great Bitter Lake area for technical inspection. Bitter Lake is north of where Ever Given ran aground. The ship was partly made afloat again at dawn (Monday, 04:44 a.m. in London). The huge container ship blocking the Suez Canal has been at least partially made afloat again, the first step towards such an The Ever Given was successfully made afloat again in Egypt around 4:30 a.m. local time and the ship is currently being secured, said the maritime service provider Inchcape Shipping Services in an email with. A new attempt followed to remove the ship with 10 tugs according to the Suez Canal Authority. More articles like this can be found at bloomberg.com. Sign up now to stay up to date with the most trusted business news source. © 2021 Bloomberg LP
