Container ship runs aground in Suez Canal causing traffic jam

Container ship runs aground in Suez Canal causing traffic jam

GAC said 15 other ships in the northbound convoy behind the vessel were detained at anchorages waiting for the canal to be cleared. A southbound convoy was also blocked, it said.The container ship, the Ever Given, is 400 metres long (1,312 feet), 59 metres wide (193 feet), and can carry up to 20,000 20-foot equivalent (TEU) shipping containers.The Suez Canal Authority (SCA) could not be immediately reached for comment.Nearly 19,000 ships, or an average of 51.5 ships per day, with a net tonnage of 1.17 billion tonnes passed through the canal during 2020, according to the SCA.About 12% of the world trade volume passes through the man-made canal, which is a major source of hard currency for Egypt.Tankers have started to pile up near the Suez Canal as they wait for the container ship to be moved."This can have impact on freight very much. If it lasts longer, it can lead to shipment delays both ways," said a Singapore-based ship broker.The impact on oil and gas flows will depend on how long it takes to clear the container ship, industry sources said."If it extends to, say, weeks it will of course disrupt all shipping in a major way," said Ashok