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Home / World / Due to the estimated total outage of US$1 billion, Every Give Up is stuck

Due to the estimated total outage of US$1 billion, Every Give Up is stuck



The Suez Canal Authority has banned Ever Give’s large cargo ship from leaving the canal until investigators have completed their investigation of how the ship blocked international transportation routes for nearly a week.

According to Sada ElBalad News in Egypt, the authority stated that it may cause material and economic losses of approximately US$1 billion due to the blockade of trade routes. USA Today. The U.S. dollar amount will be used to pay for the loss of transportation costs, the seven days of dredging and tugboat activities used to expel the ship, and the damage caused to the canal.

However, the $1 billion does not include the financial losses caused by more than 400 ships that were diverted due to the blockage of the canal. It is estimated that 9 billion US dollars of global trade is delayed every day until the ship is expelled.

Lieutenant General Osama Rabe, director of the Suez Canal Authority, said that the captain of the cargo ship has not provided documents or the ship’s black box to help investigators understand how the “endless gift”

; will cross the canal.

The Suez Canal once incurred billions of dollars in investigation costs
The Suez Canal Authority (Suez Canal Authority) will keep this huge cargo ship “Ever Given” in the canal until it completes its investigation into how it blocked the international shipping route for nearly a week, which has at least lost the cost of the canal $1 billion. In this image, the “Ever Given” container ship was repackaged and the blockade of the Suez Canal was lifted in Suez, Egypt on March 29, 2021.
Mahmoud Khalid/Getty

High winds and sandstorms may have played a role in pushing Ever Ever to the side, wedging between the two banks of the canal. But investigators want to know whether human error may also have caused the accident.

Rabbi said: “This kind of serious accident may not be caused by a single factor, one part may be wind, another part may be human factors, and another part may be technical factors. All these factors will become apparent in the investigation. At the press conference, Reuters report.

Shipowner Shoei Kisen Kaisha said on Tuesday that it will cooperate with the investigation. The ship’s manager Bernhard Schulte (Bernhard Schulte) ship management department stated that its preliminary investigation ruled out mechanical or engine failure as the cause of the accident.

Until the canal authorities complete their investigation, Ever Ever will not be allowed to continue to their original destination in Rotterdam, the Netherlands.

Ever Given is a Panamanian-owned Japanese-owned ship used to transport goods from Asia to Europe. This ship, operated by Taiwan’s Evergreen Marine Corps (Evergreen Marine), ran aground on the waterway for the first time on March 23. As it blocked the Suez Canal, it blocked the main transportation route between the Mediterranean and the Red Sea.

Data company Refinitiv estimates that even if the ship is evacuated on March 29, it may take more than 10 days to clear the backlog of ships waiting to pass through the canal.

When the canal was blocked, dozens of ships circled the Cape of Hope at the southern tip of Africa. The 3,100-mile detour increased the vessel’s sailing time by two weeks and cost hundreds of thousands of dollars in fuel and other expenses.

Weekly newspaper Contact Shoei Kisen Kaisha for comment.


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