Ship grounded in Egypt’s Suez Canal – 1 of world’s busiest shipping routes | Planet News

Roughly 30% of the world’s shipping container volume passes by way of the canal, and about 12% of total worldwide trade.

By Sharon Marris, news reporter

Thursday 25 Could 2023 06:00, UK

A ship has grow to be stuck in Egypt’s Suez Canal, 1 of the world’s busiest shipping routes.

According to Leth Shipping Agency, the ship is the Xin Hai Tong 23, a 189m-extended bulk carrier that was constructed in 2010 and is sailing beneath the flag of Hong Kong.

The agency stated that tugboats are attempting to re-float it and at least 4 other vessels are stuck behind it.

The Suez Canal runs amongst Port Stated (Būr Sa’īd) on the Mediterranean Sea, and Suez (al-Suways) on the Red Sea.

It is just 200m wide at its narrowest point – a function that has brought on troubles for ships just before.

In 2021, the Ever Offered became stuck for six days when it hit the bank of a single-lane stretch of the canal about three.7 miles north of the southern entrance, close to the city of Suez.

The ship had been on its way to the Dutch port of Rotterdam and its grounding brought on chaos for the shipping sector, which was currently beneath stress from COVID-19-connected provide chain troubles.

At 1 point it was estimated by Lloyd’s List that the stranded container vessel was holding up $400m an hour in trade.

The web site suggests the bulk carrier is wedged across the canal

The shipping information and news organization valued the canal’s westbound targeted traffic at roughly $five.1bn a day and eastbound targeted traffic at about $four.5bn a day.

Roughly 30% of the world’s shipping container volume passes by way of the canal, and about 12% of total worldwide trade.

The cause the canal is such a preferred route is that it saves a ship from getting to travel about the southern tip of Africa – which would add three,315 nautical miles to a journey amongst Tokyo to Rotterdam, according to the Planet Financial Forum.

In January a container ship loaded with much more than 65,000 tonnes of corn from Ukraine was re-floated soon after operating aground in the canal.

In August final year, an oil tanker also ran aground in a single-lane stretch of the canal, blocking it for 5 hours.

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