Business > World

Salvage firm says fully freeing Ever Given from Suez Canal is ‘no piece of cake'

22 days ago   |   By New York Post

The head of a Dutch company helping to free the container ship that has been stuck in the Suez Canal for almost a week warned Monday that completely refloating the mammoth vessel will be “no piece of cake,” according to reports. The bow of the Ever Given - a 1,300-foot-long container ship weighing 200,000 tons...
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An engineer working to free the Suez container ship says the bow is still stuck and re-floating it was the easy part

An engineer working to free the Suez container ship says the bow is still stuck and re-floating it was the easy part

22 days ago   |   By Business Insider

Summary List Placement The CEO of the Dutch company that helped re-float the Ever Given in the Suez Canal said it's too soon to celebrate, predicting that the last stages will be the most difficult.
Peter Berdowski, CEO of dredging specialists Boskalis, has been working with Egyptian authorities to free the massive container ship that got stuck almost a week ago.
For six days, the ship has blocked one of the world's most crucial maritime passages, causing havoc for at some 400 ships waiting to pass through, according to Lloyd's List .
So the news early Monday that the Ever Given had been...
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The Ever Given was freed with the help of the Mashhour, a huge dredging ship that moves 70,000 feet of sand an hour

The Ever Given was freed with the help of the Mashhour, a huge dredging ship that moves 70,000 feet of sand an hour

22 days ago   |   By Business Insider

Summary List Placement The massive container ship that has spent days wedged in the Suez Canal has been partially re-floated by a huge dredging ship that can shift more than 70,000 cubic feet of sand an hour.
The Ever Given ship had been stuck across the canal since Tuesday, blocking one of the world's busiest trade routes and leaving hundreds of ships that carry billions of dollars worth of trade in limbo and debating whether to take a significantly longer route around Africa.
Workers managed to partially free the ship on Monday, allowing it to be rotated.
But the front end of the ship is...
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Videos show a part-cleared Suez Canal after the huge container ship blocking it was refloated

Videos show a part-cleared Suez Canal after the huge container ship blocking it was refloated

22 days ago   |   By Business Insider

Summary List Placement Videos show clear water in the Suez Canal after the Ever Given was repositioned on Monday after a massive effort to clear the vital shipping channel.
The massive container ship has blocked the canal for six days, causing havoc to global shipping as tugboats and dredgers worked to free it.
But the ship has now been partly freed and its engines re-started, as shown in this video posted by academic Mohammed Soliman:
🎥: The Ever Given Vessel re-floated and has restarted its engines. Suez Evergreen EVERGIVEN SuezUnblocked pic.twitter.com/ejHwcm5r1T - Mohammed Soliman...
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The Suez Canal blockage may impact global goods supply chain for months, the world's largest shipping company says

The Suez Canal blockage may impact global goods supply chain for months, the world's largest shipping company says

22 days ago   |   By Business Insider

Summary List Placement The Suez Canal blockage by the giant container ship Ever Given has caused shipping backlogs that could take months to unravel, Maersk, the world's biggest shipping company, said Monday.
"Even when the canal gets reopened, the ripple effects on global capacity and equipment are significant and the blockage has already triggered a series of further disruptions and backlogs in global shipping that could take weeks, possibly months, to unravel," Maersk said in a statement on Monday.
The container ship was "partially refloated" Sunday, the first step towards freeing the...
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Oil sinks as Suez Canal container ship successfully refloated

Oil sinks as Suez Canal container ship successfully refloated

22 days ago   |   By RT

The price of crude oil slumped more than 2% on Monday following news from the Suez Canal that salvage crews have managed to move the giant container ship that has been blocking the vital global trade passage for nearly a week.
International benchmark Brent fell 2.1% to $63.19 a barrel while US West Texas Intermediate dropped 2.4% to $59.49 per barrel.
The stranded ‘Ever Given' ship was successfully refloated on March 29 and was being secured, a global provider of marine services, Inchcape Shipping, said on Twitter.
The breakthrough came after intensive efforts that saw 10 tugboats work to...
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Oil drops after Ever Given container ship blocking the Suez Canal is refloated

Oil drops after Ever Given container ship blocking the Suez Canal is refloated

22 days ago   |   By Business Insider

Summary List Placement
Oil prices fell after the Ever Given container ship was refloated in the Suez Canal.
The ship has been wedged since early last week in the canal, which handles about 15% of global shipping.
The authorities said they hoped the ship would soon be completely freed.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
Oil prices fell on Monday and traders breathed a sigh of relief after the giant container ship Ever Given that has blocked the Suez Canal for almost a week was refloated.
Brent crude oil, the global benchmark price, fell as much as 2%...
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AOC reacts to Derek Chauvin verdict, says the fact that George Floyd had to...

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Summary List Placement Democratic Rep. Alexandria Ocasio-Cortez weighed in Tuesday after the former Minneapolis police officer Derek Chauvin was convicted on multiple counts of... Read more ...

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