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Egypt: cargo destranded in the Suez Canal


Owner, only short delays are expected. In 2021, the canal was blocked for six days, with repercussions lasting months (ANSA)

The freighter stranded in the Suez Canal has been put back on the water: this was announced by a tweet from the shipowner, the Norwegian agency Leth: "the M/V GLORY has been refloated by the tugs of the Suez Canal Authority. 21 vessels southbound will start/resume their transits. Only short delays expected".

In 2021, the 400-metre-long, 220,000-ton freighter "Ever Given" ran aground blocking the canal for six days and disrupting global supply chains with repercussions that lasted for months.

Using the canal saves a three-week detour to circumnavigate Africa, but is only about 200 meters wide and 24 meters deep in places. About 12% of global trade passes through the Suez Canal with a daily flow of goods worth $10 billion, according to Lloyd's List.

At the time of the Ever Given grounding, US-UK global financial market infrastructure and data provider Refinitiv estimated that Egypt's lost tolls amounted to nearly $100 million.

Source: ansa

All life articles on 2023-01-09

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