The Suez Canal is a major shipping seaway that spans the borders of Asia and Africa, and the Asia-Africa region, a route that is critical for the transportation of everything from oil to liquefied natural gas.
According to Braemar ACM Shipbroking research director Anoop Singh, about 600,000 barrels of Crude Oil are transported daily from the Middle East to Europe and the United States via the Suez Canal. According to statistics, 20% of the world’s total maritime freight, 80% of the freight between Eurasian countries, and 25% of the world’s tankers, currently pass through the Suez Canal.
From the photos, it is easy to see that this “behemoth” as a “plug”, the bow stuck on one side of the river bank, the stern also almost touched the other side of the river bank, into and out of the stuck in the river, forcing the Suez Canal north-south line paralyzed.
It is understood that the cargo ship from Taiwan Evergreen Group, named “Ever Given”, the Chinese name “Chang Chi No.”, “curry” is also a real heavy.
The ship is 400 meters long, 59 meters wide, 15.7 meters draft, with hundreds of containers on board and a total tonnage of 219,000 tons, making it one of the largest cargo ships in the world.
The “Chang Chi” left on March 4 and arrived at the Suez Canal in Egypt on March 22, and was scheduled to arrive in Rotterdam, the Netherlands, on March 31.
This also caused a traffic jam in both directions of the Suez Canal, which had no choice but to declare a traffic ban without warning.
Yesterday, at least 100 ships were waiting to enter the Red Sea or the Mediterranean through the Suez Canal, and 10 oil tankers carrying 13 million barrels of crude oil were affected as a result.
Not only navigable vessels were affected, but stocks in the port and water transport sector were also scared to death yesterday.
COSCO Shipping Control (10.93-0.27%, shares) fell, China Merchants Port fell more than 4%, the port water transport sector as a whole fell 2%.
Oil prices, however, came out of the “deep V” trend.
As of press Time, Brent oil prices at $62.05 / barrel, up 2.07%; WTI oil prices at $59.04 / barrel, up 2.22%.
The Financial Times commented, in the “long give” paralyzed in the Suez Canal within 24 hours, the global oil market just stuck in the Suez Canal at both ends of the energy traffic, there are 10 million barrels of crude oil suffered.
If the accident is not resolved quickly, the negative impact on international oil prices and the economy will still come to the fore.
Anyway, let’s hope that the “long-gestation” will be out of trouble soon.
Recent Comments