What happened to the ship stuck in the Suez Canal?

Salvage teams succeeded on Monday in freeing a massive container ship that had been stuck in the Suez canal for the past seven days, blocking billions of dollars’ worth of cargo from crossing one of the world’s busiest marine waterways.

Is Egypt’s Suez Canal crisis over?

Early in the afternoon, Egypt’s president, Abdel Fatah al-Sisi, released a statement declaring the ship was free and casting the operation as a national victory. “Today, Egyptians have been successful in putting to an end the crisis of the stranded ship in the Suez canal, despite the enormous complexity surrounding the process,” he tweeted.

How will the ever given ship be kept afloat?

Japanese firm Shoei Kisen, which owns the ship, says tugboats and dredging activities will be used to get it afloat as the upcoming high tide goes down The state-run Suez Canal Authority (SCA) announced that nearly 17,000 cubic meters of sand have been dredged around the Ever Given.

How many ships pass through the Suez Canal each day?

The average number of ships that transited through the canal on a daily basis before the accident was between 80 to 90 ships, according to Lloyds List; however, the head of the Suez Canal Authority said that the channel will work over 24 hours a day to facilitate the passage of almost 400 ships carrying billions of dollars in freight.

A large container ship, nearly a quarter-mile-long, has been stuck in Suez Canal since Tuesday evening, after powerful winds forced the ship aground on one of the canal’s banks. The canal is one of the world’s most vital shipping lanes.

Where is the Suez Canal and how does it work?

The rest of the towns along its banks have grown up since, with the possible exception of Al-Qanṭarah. Suez CanalShips in the Suez Canal in Egypt. One of the world’s most important shipping lanes, the Suez Canal connects the Mediterranean Sea and the Red Sea.© Oleksandr Kalinichenko/Shutterstock.com.

What is the cost of the Suez Canal blockage?

Suez Canal blockage is delaying an estimated $400 million an hour in goods 1 Lloyd’s List calculates blockage is costing $400 million an hour. 2 Lloyd’s values the canal’s westbound traffic at roughly $5.1 billion a day, and eastbound traffic at around $4.5 billion a day. 3 The blockage is further stressing an already strained supply chain.

How long does it take to clear the Suez Canal backlog?

According to the World Shipping Council, the Suez canal’s daily vessel throughput capacity is 106. If the canal is closed for two days, it will then take two additional days after re-opening to clear the backlog. The longer the delay, the longer it will take to move out the vessels.