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The gigantic traffic jams that formed at both ends of the Suez Canal, Because of the ship that was stranded for a week, they ended this Saturday and maritime trade resumed.
Traffic on the canal, which accounts for more than 10% of world trade, resumed on Monday night after the “Always given”, With a capacity of 200,000 tons, it was unlocked with the help of international experts.
“All ships waiting in the canal since the Panamanian container ship + Ever Given + grounded have crossed” the canal, said the President of the Suez Canal Authority (SCA), Admiral Ossama Rabie, it’s a statement.
With Panamanian flag and operated by the Taiwanese shipowner Evergreen Marine Corporation, the ship, with a length equivalent to four football fields, sailed again on March 29.
The latter was towed to the Great Amer Lake in the middle of the Suez Canal and traffic resumed that same night between the Mediterranean and the Red Sea.
Unprecedented in its magnitude, the incident caused the total stoppage of traffic on this important maritime route that links Asia and Europe and that represents more than 10% of international trade.
In total, 422 ships, loaded with 26 million tons of cargo according to the SCA, were found to be blocked to the north and south of the isthmus, forming gigantic traffic jams.
According to the same statement, the last 61 ships waiting since the passage of the “Ever Given” were able to cross the canal on Saturday, as well as “24 new ships.”
About 200 men from the canal’s technical teams, assisted in particular by Smit Salvage, a Dutch company specialized in rescuing ships in distress, They managed to rescue the huge ship on Monday, dredging 30,000 cubic meters of sand and using a dozen tugboats.
Record time
Regarding the origin of the incident, it was first attributed to strong winds and a sandstorm, before Rabie evoked the possibility of “errors, human or technical”.
For the admiral, the restoration of circulation, achieved in “record time”, constitutes a “new feat” for Egypt.
The Egyptian President Abdel Fattah al Sissi, He stressed the importance of this route “for the world” and promised on Tuesday that his country would equip itself with more adapted equipment to be prepared in the event of similar incidents.
According to the insurer Allianz, each day of immobilization caused losses of between 6 and 10 billion dollars.
Last week, the “Ever Given” mishap also caused a temporary spike in oil prices.
According to the SCA, Egypt lost between $ 12 million and $ 15 million per day from the canal closing, taken by 19,000 ships in 2020, representing an average of 51.5 ships per day.
The passage through the canal, which is one of its main sources of income, generated some 5.7 billion dollars in Cairo in 2019-2020.
In 2014-2015, a segment of this infrastructure was subject to colossal expansion works, but Sissi rejected the idea of expanding the southern part of the canal, where the incident occurred.
“From an economic point of view, this is not useful,” he said, but mentioned “other projects to connect the Red Sea with the Mediterranean.”
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