Saturday, July 3, 2021

The Ever Given - 6 Days in Suez

Excerpt:

"Panama-flagged container ship Ever Given made the headlines on 23 March 2021 when it became stuck in the Suez Canal, triggering an international rescue operation to remove it. The vessel, which remained stranded in the canal until 30 March, created a blockage, halting operations for other vessels for the whole week.

According to a Lloyd's List estimate, the waiting costs caused by the incident amounted to $9.6bn per day, with westbound traffic costing $5.1bn a day and eastbound around $4.5bn.

The Ever Given incident - which now has developed into a financial dispute between the vessel’s Japanese owners and the Suez Canal Authority - has had repercussions on the global supply chain and the maritime industry but it’s not the only one."

https://www.ship-technology.com/features/ever-given-accident-implication-future-shipping-canals/

SMIT_ever_given.JPEG

Image credit - SeaTrade Maritime News

https://www.seatrade-maritime.com/finance-insurance/ever-given-reflections-largest-general-average-case-history

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