The Suez Canal is the world’s busiest shipping route. Due to a huge ship getting stuck on this route, the arrival of other ships has stopped. Due to the blockage of the vessels, the arrival of the ships has been stopped for the last 4 days. The technical management team at ship Bernhard Schulte Shipmanagement said that all the people on the ship are Indians.
“All 25 people on the ship are safe. All of them are Indians. Crew members are constantly trying to float the ship in the water,” the company said.
The ship which caused traffic jam in the Suez Canal is 1300 feet long. The ship is stuck in width from one end of the Suez Canal to the other. Due to which the way of arrival has been blocked.
See the satellite view of this ship’s implosion here.
🔎 Suez canal blockage seen from space 🛰
Airbus-built Pléiades high-res. satellite image 📷taken this morning, showing a container ship stuck in the canal. pic.twitter.com/YOuz1NEXk8
— Airbus Space (@AirbusSpace) March 25, 2021
The MV Ever Given ship is stranded in the Suez Canal. MV Ever Given is among the largest ships in the world. The length of this ship is about 400 meters. Due to the strong winds, the ship is stuck diagonally. About 10 percent of the world’s shipping trade takes place through the Suez Canal. It may take up to 2 days to evacuate the ship, which is expected to have a significant impact on the cargo traffic.
Delivering oil, petroleum products to major markets has been delayed due to the implication of this large ship in the Suez Canal. This is increasing the shipping cost and affecting the entire global trade.
On March 24, crude oil prices saw a jump of 6 per cent due to the ship’s implosion and the crisis it created. According to the latest information available on VesselFinder, efforts are on to refuel this ship and many tug boats are engaged in this effort. But so far, several attempts to divert this 2.20 lakh tonne monstrous 400 meter long ship have been unsuccessful.
This container vessel was going from China to the Netherlands city of Rotterdam. The ship is owned by Evergreen Marine, the shipping company of Taiwine. This ship is registered in Panama. Ever Given is a large Golden Class container ship.
According to Oil and Gas’s analytical platform Vortex, at least 10 crude trackers have been stranded in this traffic jam with a total of 13 million barrels of crude oil loaded. Apart from this, 9 such ships are also stranded in which other petroleum products including diesel are loaded.
According to information from Vortex, about 50 new ships are getting stuck in this traffic jam every day. If any other route is caught to deal with this problem, then the journey to Middle East-Europe will be delayed by 15 days.
Why Suez Canal is important
If we look at the figures of 2019, about 50 ships pass through this canal every day. In 1869, only 3 ships passed through this route in a day. According to some estimates, 12 percent of the world’s trade is through this route while 30 percent of the container ships go through this route. The Suez Canal is a man-made waterway.
It was expanded in 2015. The length of this waterway is 193.30 kilometers and the depth is 24 meters. Due to the expansion in 2015, even the biggest trackers of the world can pass through this route. It is expected that by 2023 the traffic passing through this canal may double.
This Suez Canal can be fast paved between the Atlantic Ocean and the Indian Ocean after expensive transit fees. For this reason, there is a lot of traffic on this route.
For example, if a ship were to go from a fort in the Gulf of Paras to London Fort, it would take only half the time to travel to Europe than the time it takes to go through the southernmost part of Africa. is.
What will be the effect on India
The Suez Canal connects the Red Sea and the Mediterranean Sea. It is an important trade route in the world by sea. Due to this, there is a delay in the supply of crude oil, other petroleum production in India and there is also an increase in the transport fare of the ship.
India is one of the largest customers of oil imports via the Suez Canal. India imports around 5 lakh barrels of oil per day through this route. After that, China imports around 4 lakh barrels of oil through this route.
Russia, Saudi Arabia, Iraq, Libya and Algeria are such large oil exporting countries. Where oil goes through this route. Each of these countries exports 200,000 barrels of oil per day.
Citing a ship salvage company named Nick Sloane, Bloomberg said that the traffic jam could take up to 28–29 March as the high tide would remain in the area between these two days. According to a Reuters report, the price of crude may increase further due to this incident.
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