...
...
Next Story

Suez Canal unclogged but Egypt may sue for damages. Here's what we know so far

Egypt's Suez Canal, the crucial maritime trade route which remained blocked by the 'Ever Given' vessel for more than a week, has been easing up gradually over the past couple of days, with the massive pile-up of queued vessels on both sides of the channel making their way through.

Updated on: Apr 03, 2021 04:16 PM IST
By | Written by
Prefer HTon Google
Advertisement

The shipping backlog at Egypt's Suez Canal is supposed to be cleared by Saturday-end, news agency Reuters reported citing sources at the canal authority. The 'Ever Given' container, which kept the crucial maritime channel blocked for almost a week, was dislodged last Monday, paving the way for the queued ships to gradually make their way through.

A container ship sails at the Suez Canal, in Ismailia, Egypt March 31, 2021. (Suez Canal Authority/Handout via REUTERS)
A container ship sails at the Suez Canal, in Ismailia, Egypt March 31, 2021. (Suez Canal Authority/Handout via REUTERS)

Meanwhile, the Suez Canal Authority (SCA) launched an investigation on Wednesday into what caused the 'Ever Given' vessel to run aground in the Suez Canal and block the waterway for six days. Osama Rabie, SCA chairman, told the MBC Masr private TV that the probe will take "two more days" and a report on the Suez Canal Authority's findings would be published soon, according to Reuters.

Also Read: Investigation begins into how ship got stuck on Suez Canal

Egypt is expecting more than $1 billion in damages as compensation for blocking the crucial Suez Canal for more than a week, the Associated Press reported, citing a top canal official. Moreover, SCA has also warned that the ship and its cargo will not be allowed to leave Egypt if the issue of damages goes to court, as per the agency. However, it is not yet clear who the canal authorities would seek compensation from.

“This proves the global maritime community has great faith in the Suez Canal and Egypt's ability to guarantee safety and security to different types of vessels,” Rabie was quoted by the Associated Press in a statement.

Last Monday, salvage teams re-floated the skyscraper-sized 'Ever Given' by a flotilla of tugboats, helped by the tides, thus ending a crisis that had clogged one of the world's most vital waterways and halted billions of dollars a day in maritime commerce.

Also Read: 'Ever Given' finally set adrift. Here's a timeline of the Suez blockage crisis

The Ever Given had crashed into a bank of a single-lane stretch of the canal about 6 kilometres (3.7 miles) north of the southern entrance, near the city of Suez in north-eastern Egypt. That forced some ships to take the long, alternate route around the Cape of Good Hope at Africa's southern tip—a 5,000-kilometre (3,100-mile) detour that costs ships hundreds of thousands of dollars in fuel and other costs. Others waited in place for the blockage to be over. The unprecedented shutdown, which raised fears of extended delays, goods shortages and rising costs for consumers, added to the strain on the shipping industry, already under pressure from the coronavirus pandemic.

(With inputs from agencies)

 
Get the latest headlines from US news and global updates from Pakistan, Nepal, UK, Bangladesh, Russia and US Iran war Live, get all the latest headlines in one place on Hindustan Times.
Get the latest headlines from US news and global updates from Pakistan, Nepal, UK, Bangladesh, Russia and US Iran war Live, get all the latest headlines in one place on Hindustan Times.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe