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Xinhua News Agency, Cairo, March 25. A few days ago there was a “traffic congestion” on the Suez Canal, which for a time seemed to choke the “gorge” of the world’s busiest shipping canal, attracting global attention.
What is the situation at the scene recorded by the satellite images? What is the impact of the accident on the international shipping industry and the international oil market? Check out the front-line report from Xinhua News Agency reporters——
Satellite images show the “ship jam” of the Suez Canal in Egypt.
Giant 400-meter-long ship “blocks” dead channel at 45-degree angle
Egypt’s Suez Canal Authority issued a statement on the 24th that a Panamanian-flagged heavy freighter ran aground in the new Suez Canal on the 23rd. The beached freighter was about 400 meters long and 59 meters wide, and headed the port of Rotterdam in the Netherlands.
The real-time position of the ship’s website data shows that the huge ship is stuck not far north of the southern end of the Suez Canal, with the bow to the northeast and the stern to the southwest at an angle of about 45 degrees.
It is also reported that the grounding of this freighter caused congestion in the canal, and at least 100 passing ships were blocked.
Satellite images show the “ship jam” of the Suez Canal in Egypt.
Network screenshot, source: www.vesselfinder.com
The image shows the lake in the middle of the Suez Canal to the north of the blocked canal, in the image of the 19th the contrails and traces of the moving ship can be clearly seen, in the image of the 24th this phenomenon disappeared.
Relevant information shows that the heavy freighter that “blocked” the Suez Canal is called “Long Ci”, which is one of the largest and most advanced container ships in the world.
This is the scene of a heavy cargo ship stranded in the Suez Canal in Egypt on March 24. Xinhua News Agency
Egyptian media reported thatThe stranded boat can be caused by sudden strong winds, causing the hull to drift off the route. Other media reported that the cause of the accident was that the ship suddenly lost power and was unable to control its direction.。
The person in charge of the technical direction of the ship said that there were no victims in the accident and there was no contamination of the water.The cause of the accident is still being investigated。
This is the scene of a heavy cargo ship stranded in the Suez Canal in Egypt on March 24. Xinhua News Agency
The Suez Canal connects the Mediterranean Sea and the Red Sea. It is located at the key point of the intercontinental belt of Europe, Asia and Africa. About 12% of world trade is transported through this channel. According to data from the Suez Canal Authority, almost 19,000 ships will pass through the canal in 2020, an average of 51.5 per day.Canal revenues are one of Egypt’s main sources of national tax revenue and foreign exchange reserves.。
What is the impact on the global economy?
The “blockade” of the Suez Canal has raised widespread concern and its impact on the world economy can be viewed from three perspectives.
First, add another problem to the international shipping market in the “bottleneck period”.
Market participants believe that the global container shipping industry is currently in a severe bottleneck period.The accident may have a ripple effect on the shipping industry supply chain, The market price of shipping can increase considerably.
The Nikkei website reported that since the beginning of this year, as the world economy is gradually recovering, shipping prices have risen sharply and the new Suez Canal canal has been disrupted.It can make the world maritime market more unstable。
Second, the price of crude oil fluctuates.
At the close of business on March 24, the price of light crude oil futures for delivery in May 2021 on the New York Mercantile Exchange rose 3.42 US dollars to close at 61.18 US dollars per barrel, an increase of 5.92%. The price of London Brent crude oil futures for delivery in May 2021 rose 3.62 US dollars to close at 64.41 US dollars per barrel, an increase of 5.95%.
Former president of the Egyptian Petroleum Corporation and international energy expert Mizat Yusuf said in an exclusive interview with a reporter for the Xinhua News Agency:The Suez Canal is particularly important for the world’s oil supply, and the rapid reopening of the Suez Canal can prevent oil price fluctuations.。
Phil Flynn, senior market analyst at US Price Futures Group, said on the 24th:Suez Canal traffic clogging will slow key gorge of global oil exports。
Third, new risk factors may overlap or affect the recovery of the world economy.
Ken Koyama, chief investigator at Japan’s Institute for Energy Economics Research, said the accident once again demonstrated thatThe world economy is highly dependent on the smooth transportation of important materials.. If the Suez Canal, the Strait of Hormuz, the Strait of Malacca, the Panama Canal and other key places can guarantee smooth navigation, it will become an important factor related to the stability of the world economy.
Analysts noted that the global economic recovery was originally being affected by the tight semiconductor supply chain. Toyota Motor Corporation recently announced that its Czech plant will suspend production for 14 days from March 22. Ford Motor Company of the United States said the shutdown caused by the disruption of the semiconductor supply chain may reduce the company’s operating profit by US $ 2.5 billion.If the Suez Canal, the main trade route, is “stagnant” for too long and multiple risk factors overlap, it will add uncertainty to the recovery of the world economy.. (Text reporters: Wu Danni, Yan Jing, Liu Chunyan, Liu Yanan; video reporters: Yang Zhuan, Yu Fuqing; satellite photo: Xinhua News Agency Satellite News Laboratory; editor: Zhang Tianlang, Ding Xinke; graphics : Wang Fengfeng; Editors: Cheng Dayu, Sun Hao, Wang Fengfeng, Li Mengting, Li Xue (Interns); Satellite Data: Planet Sentinel-2; Acknowledgment: Beijing Lanyu Fangyuan Information Technology Co., Ltd. Dong Junguo)
Produced by Xinhua New Media Center News Agency, International Department of Xinhua News Agency
International Communication Integration Platform of Xinhua News Agency
【Correction error】
【Editor-in-charge: Liu Zhongling】
