Stranded Suez Canal Ship Re-floated, Marine Services Firm Says
Sumaira FH 16 days ago Mon 29th March 2021 | 11:15 AM
CAIRO, (UrduPoint / Pakistan Point News / WAM - 29th Mar, 2021) The stranded container ship blocking the Suez Canal for almost a week was re-floated on Monday and is currently being secured, Inchcape Shipping Services said, raising hopes the busy waterway will soon be reopened.
The 400-metre (430-yard) long Ever Given was successfully re-floated at 4.30 am local time (0230 GMT) and was being secured, Inchcape, a global provider of marine services said on Twitter.
Video posted on social media appeared to show the ship's stern had swung around, opening space in the canal. Other footage, which could not be immediately verified by Reuters, included cheering and ships' horns sounding in celebration.
Ship-tracking service VesselFinder has changed the ship's status to under way on its website.
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, SCA Chairman Osama Rabie told Egypt's Extra News on Sunday.
Crude oil prices fell after news the ship had been re-floated, with Brent crude down by $1 per barrel to $63.67. Shares of Taiwan-listed Evergreen Marine Corp - the vessel's lessor - rose 3.3 percent.
Shipping rates for oil product tankers nearly doubled after the ship became stranded, and the blockage has disrupted global supply chains, threatening costly delays for companies already dealing with COVID-19 restrictions.
Some shippers had decided to reroute their cargoes around the Cape of Good Hope, adding about two weeks to journeys and extra fuel costs.