• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Republica Press

Your Business & Political News Source

REPUBLICA PRESS
Your Business & Political News Source

  • Home
  • BUSINESS
  • MONEY
  • POLITICS
  • REAL ESTATE
  • SCIENCE/TECH
  • US
  • WORLD

Ship Blocking Suez Canal Is Partially Freed

by

SUEZ, Egypt—Engineers partly freed a wedged ship blocking the Suez Canal, and tug boats are now working to straighten its course, which could soon reopen the vital trade route and end days of global supply disruptions.

Osama Rabie, chairman of the Suez Canal Authority, which operates the waterway, said Monday that tugs dislodged the bow of the 1,300-foot Ever Given, operated by Taiwan-based Evergreen Group, from the eastern bank of the canal.

“We are not finished yet, but it has moved,” he said, adding that tugboats would continue for another hour or so to ensure the ship could resume moving up the canal.

A person involved in the effort said higher-than-usual spring tides were helping and the ship has moved around 25 yards. “We are getting there, but not there yet,” he said.

Some 320 vessels are waiting to pass through the canal, blocked since the Ever Given into its east side during stormy weather on March 23. If engineers are able to free the ship and move it to a port, that would relieve the growing strain on the global shipping industry and transit of oil, gas and consumer goods between Asia and Europe. Some 13% of global maritime trade and 10% of seaborne oil shipments transit the canal.

View Source

Filed Under: WORLD Tagged With: Europe, Industry, Moving, PAID, Suez Canal, trade

Primary Sidebar

More to See

Neglected Titanic Memorial: ‘Like Their Graves Have Not Been Tended’

On a landlocked street corner at the entrance to the South Street Seaport stands a shabby, rust-streaked old lighthouse, its lantern dark, dwarfed by … [Read More...] about Neglected Titanic Memorial: ‘Like Their Graves Have Not Been Tended’

Kohl’s ends sale talks with Franchise Group, lowers outlook

Kohl's announced Friday that it is terminating talks to sell its business, saying that retail environment has significantly deteriorated since the … [Read More...] about Kohl’s ends sale talks with Franchise Group, lowers outlook

KB Home Announces the Grand Opening of Alder Brook, a New-Home Community in Highly Desirable Enumclaw, Washington

ENUMCLAW, Wash.--(BUSINESS WIRE)--KB Home (NYSE: KBH) today announced the grand opening of Alder Brook, a new single-family home community in the … [Read More...] about KB Home Announces the Grand Opening of Alder Brook, a New-Home Community in Highly Desirable Enumclaw, Washington

Copyright © 2022 · Republica Press · Log in · As an Amazon Associate we earn from qualifying purchases.

Terms and Conditions - Privacy Policy