Is the ship still stuck in the Suez Canal?

There's a massive ship stuck in the Suez Canal but at least it's delivering memes

Firms start rerouting vessels as ship blocking Suez Canal could take weeks to free

"Furthermore, the SCA expressed honest gratitude for all the offers it received for assistance in this regard, while also highlighting the ongoing efforts towards refloating the container ship and affirming its keenness on ensuring regular global maritime traffic in the Suez Canal as soon as possible", it added.

The Ever Given, a Panama-flagged ship that carries cargo between Asia and Europe, ran aground Tuesday.

The ship ran aground some 6 kilometres (3.7 miles) north of the southernly mouth of the canal, near the city of Suez, an area of the canal that's a single lane.

Chairman of the Suez Canal Authority, Lieutenant General Osama Rabie said that the towing efforts resumed using 9 huge locomotives including "Baraka 1" and "Izzat Adel", after the completion of the dredging work near the vessel's bow using "Mashhour" dredge. Rough calculations suggest westbound traffic is worth around $5.1 billion daily while eastbound traffic is worth $4.5 billion.

The authority also added that it is in contact with the Japanese company (Shoei Kisen Kaisha, Ltd), owner of the Ever Given ship, to resolve the crisis.

No time estimate for the refloating has been given, and shipping lines may be forced to divert away from the Suez Canal and travel around the Cape of Good Hope instead.

The Suez Canal, one of the world's busiest waterways, is an artificial sea-level waterway in Egypt connecting the Mediterranean Sea to the Red Sea.

Internationally, many are getting ready for the effect that the shipping pause will have on supply chains that rely on precise deliveries of goods.

The backlog of vessels could stress European ports and the worldwide supply of containers, already strained by the coronavirus pandemic, according to IHS Markit, a business research group.

The Ever Given is now facing "extreme difficulty" in refloating the ship, the owner said.

"The first container ship to do this is Evergreen's Ever Greet. a sistership to Ever Given", it said, adding the route takes an additional 12 days. In the case of the Ever Given stuck in the Suez Canal, there has been a flood of conjecture, lampoons and memes.

He said there was still a lot of work to be done on board his ship, and that he and his fellow crewmembers had not yet had a chance to communicate with the other vessels.

Earlier this month, Turkey said it had resumed contacts with Egypt. Ties have been frosty since Egypt's army toppled a Muslim Brotherhood president close to President Tayyip Erdogan in 2013.

Those trying to free the vessel want to avoid complications that could extend the canal closure, according to an Egyptian official at the canal authority.

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A blockage of this kind and of this scale has never happened in the Canal's 150-year history.

The Suez Canal Authority, which operates the waterway, has deployed several tugboats in efforts to refloat the massive vessel, including a specialised suction dredger that is able to shift 2,000 cubic metres of material every hour. "We've offered USA assistance to Egyptian authorities to help reopen the canal.those conversations are ongoing", she said during a press briefing, before adding that there could be "some potential impacts on energy markets".

It wasn't immediately clear what caused the Ever Given to become wedged on Tuesday.

The impact of the shipping delays on energy markets is likely to be mitigated by demand for crude oil and liquefied natural gas (LNG) being in the low season, analysts said.

What is the Suez Canal?

"Around 20% of Asia's naphtha is supplied by the Mediterranean and Black Sea via the Suez Canal", said Sri Paravaikkarasu, director for Asia oil at FGE, adding that re-routing ships around the Cape of Good Hope could pile about two more weeks to the voyage and more than 800 tonnes of fuel consumption for Suezmax tankers.

The Ever Given has cut access in the middle of the waterway, forcing the ships to wait in limbo, either along the canal or at either end.

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