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Q: First the comment, and then ... more ...

"Most oil traders benefit. Stop in supply allows them to get better price for their already full inventories. If we forget racism, it must be a conspiracy. Otherwise there would be large crane commonly used in construction sites piling the containers to the shore and reducing the weight of the ship, which automatically reduces it's draft.

Naturally we are talking about a country where over half of all marriages are entwined between first cousins. So no shortage of inbred bastards making important decisions."

 ... 

 

 

Suez canal blocked by a huge, 200.000 tonnes ( twice as heavy as US aircraft carrier ) ... ship ... pics and all ...

 

 

https://www.zerohedge.com/markets/suez-canal-crisis-morphs-global-supply...

26 weeks 3 days ago in  Transport & Travel - Other cities

 
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The pictures in the media all show an excavator next to the ship, it looks like a kid's sandpit toy. It's pretty amazing how big that ship is.

There's no way they're going to push that boat off the bank with a boat hook or oar!

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26 weeks 3 days ago
 
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The pictures in the media all show an excavator next to the ship, it looks like a kid's sandpit toy. It's pretty amazing how big that ship is.

There's no way they're going to push that boat off the bank with a boat hook or oar!

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26 weeks 3 days ago
 
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Update ...

 

https://www.zerohedge.com/markets/suez-canal-crisis-morphs-global-supply...

 

Here's today's overview of the continued logjam at the Suez Canal:

  • *Ever Given Partially Refloated At Stern

    *At Least 20 Vessels Carrying Livestock Stuck At Canal

    *IKEA Warns Containers Filled With Goods Blocked By Suez Crisis

    *Vessels Already Diverting Course from Suez Canal To Cape Of Good Hope

    *US Navy Arrives Saturday To Assess Ever Given

    *300 Vessels Waiting To Traverse Canal

    *Tanker Rates For Suezmax Vessels climb to $17k Per Day

    *Suez Blockage Results In Rising Container Prices From China To Europe

    *Tugboats And Dredging Ships Were Unsuccessful In Refloating Ever Given

    *Bloomberg Report Process To Refloat Ever Given Could Take Until Next Wednesday

    *Shoei Kisen, The Japanese Owner Of Ever Given, Aims To Dislodge Vessel From Canal Bank By Saturday

    *Suez Canal Authority (SCA) To Cooperate With US To Refloat Ever Given

 

An overlay of the container ship and the channel's cross-sectional piece suggests the vessel is more stuck than what meets the eye via ground-based footage and satellite imagery. 

If the vessel cannot be refloated entirely, then unloading the ship with a tower crane could be the next bet. But that comes at risk since the load mechanics will drastically change and may have disastrous effects as the balance could shift. As JPMorgan's Marko Kolanovic noted earlier today, "another interesting development of this week was the blocking of the Suez Canal. While we believe and hope the situation will get resolved shortly, there are some risks of the ship breaking."

Update (1553ET): We reported earlier today that 300 vessels are caught in a logjam at the Suez Canal. At least 20 of those vessels are carrying livestock, according to marine tracking data. Here are more details about the ships carrying livestock via The Guardian

Georgios Hatzimanolis, a spokesperson for the tracking website Marine Traffic, said while some livestock ships were waiting to enter the canal, three – the Omega Star, the Unimar and the Sea Star – "all appear to be stuck at various points in the canal.” Marine Traffic data showed 11 delayed livestock ships, while an NGO has identified others, bringing the total identified so far to 20.

Five of the ships identified had loaded animals in Spain, and nine had loaded in Romania earlier this month, according to the NGO Animals International.

Gerit Weidinger, EU coordinator for Animals International, said data from marine tracking websites indicated the Unimar left Spain on 15 March bound for Jeddah. The Omega Star left Spain, she said, on 16 March bound for Port Said.

There were no immediate welfare concerns for the animals, but if the Ever Given has to be lightened to make it easier to dislodge, using cranes to remove enough containers could take weeks and the surrounding ships would need to leave and find longer alternative routes.

We noted earlier that a sail around the Cape of Good Hope instead of the Suez Canal could add an extra ten days, plus additional fuel costs. 

Update (1221): CNN's Barbara Starr reports the US Navy will send an "assessment team of dredging experts to Suez Canal as soon as Saturday to advise authorities on options to try to free the stuck tanker Ever Given." Starr said the report was confirmed by two US Department of Defense officials.    

 

Sports betting website MyBookie is now offering bets on when the container ship will be "declared unstuck" from the canal. surprise ... 

   

 

The world got another wake-up call this week about the overreliance on complex, just-(not)-in-time global supply chains. As of Friday, the massive container ship, "Ever Given," remains stuck in the canal, unable to be refloated, paralyzing the world's most important shipping lane. Ever Given is one of the world's largest container ships, with approximately 20,000 shipping containers of goods, and it has paralyzed one of the world's most important shipping lanes - a vital linkage between Asian factories and customers in Europe and the US. 

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26 weeks 2 days ago
 
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 Vlad at it, again ... 

 

https://www.zerohedge.com/geopolitical/russia-pitches-frosty-arctic-sea-...

 

As the world waits to see if the US Navy personnel dispatched to the Suez Canal will succeed in freeing the boat (after a successful "partial refloating" that appears to have been a dry run for a more comprehensive effort once the Americans arrive), Russia sees an opportunity to promote a potential alternative, as more container ships are re-directed around the Cape of Good Hope to complete their journey from Asia to Europe.

Indeed, as RT reports, Russian energy giant Rosatom is promoting a North Sea route (recently cleared of dangerous ice flows). The effort started with a series of half-joking tweets sent last night. In the thread, Rosatom offered three reasons why Russia's strategic shipping route through the Arctic might be a viable alternative to the Suez, despite the cold and the ice. Fortunately, as Rosatom pointed out, if a container ship gets stuck in the ice, an ice-breaker ship could be quickly dispatched to help.

 The first one stemmed from tracking data that showed the ship drew a giant phallus in the Red Sea before it got jammed. The state-run corporation cheekily pointed out that the Northern Sea Route offers much more space for drawing naughty pictures with the help of a giant cargo ship.  

... 'whole package' pics in ice on the weblink ... 

 

And what better way to open one's audience up to new possibilities than with a crude joke? In its first tweet, Rosatom said there would be plenty more room for ships to draw "crude images" in the Arctic. The tweets have since been deleted, but the first one read: "Thread: reasons to consider Northern Sea Route as a viable alternative to the Suez Canal Route1. Way more space to draw peculiar pictures using your giant ships."

Roasatom followed up the penis joke with a more serious (and valid) point about breaking the ice: "If you get icebound, we have icebreakers, well to break the ice."

For the third tweet, Rosatom shared a gif featuring the lead character from the 1997 American spy-comedy film "Austin Powers" showing Powers stuck in a shuttle carriage that’s moving back and forth in a narrow tunnel. The gif has become fodder for one of the most popular memes about the Ever Given's current predicament.

Russia has cited the develoment of the Northern Sea Route as one of its key strategic priorities. In January, Minister of National Resources and Environment Dmitry Kobylkin said cargo shipping in Russia’s northernmost territorial waters would top 80MM tons as early as 2024.

Why? Because the Russian Arctic offers the shortest route linking Europe and Asia. As Rosatom pointed out, a trip from Murmansk to Japan on the Northern Sea Route is 5,770 miles, compared with 12,840 miles if one were to travel through the Suez Canal route.

Perhaps this latest crisis will help Russia achieve their target more quickly than officials had anticipated?

 

 

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26 weeks 2 days ago
 
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Mar 29, 2021 04:16Giant container ship stuck in Suez Canal FREED after blocking vital waterway for nearly a week (VIDEO)

Giant container ship stuck in Suez Canal FREED after blocking vital waterway for nearly a week (VIDEO)

The skyscraper-sized container ship has been refloated nearly a week after it became lodged sideways in the Suez Canal, bringing traffic to a screeching halt and causing billions of dollars in losses due to delivery delays.

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26 weeks 1 day ago
 
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Italian Tanker Blocks Traffic In Suez Due To Engine Failureteaser image

De ja vu all over again?

 

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24 weeks 6 days ago
 
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