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The SCA said that tug rescue efforts had successfully displaced the front and rear of the vessel.
Chief of the authority, Lieutenant General Osama Rabie, said: “The ship’s position has been reoriented 80 percent in the right direction.”
“The stern … moved 102 meters (335 feet) from shore,” compared to its previous position four meters from shore.
At least 369 vessels were waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers, and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) vessels, Lt. Gen. Rabie added.
“The captain of the ship is responsible for the ship at all times,” he told Egyptian state television. “It is very possible that shipping activity will resume today at noon, God willing. We will not waste a second.”
However, the impact of world trade is likely to remain significant.
Shipping companies have already started diverting ships around South Africa’s Cape of Good Hope, adding up to 10 days to their voyages, while both deliveries from Asia to Europe and North America and the return of empty containers to Asia have been delayed. .
Maersk, the Danish container line, said the disruption to supply chains could last for several months due to “domino effects.”
“For each day the canal remains blocked, the ripple effect on global capacity and equipment continues to increase and the blockage triggers a series of more disruptions and delays in global shipping that could take months to unravel, even after Reopen the canal, “the company said.
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