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Megaship Blocking Suez Canal “80% Partially Refloated”

Tyler Durden
March 29th, 2021
ZeroHedge
Comments (4)

This article was originally published by Tyler Durden at ZeroHedge.

The Ever Given container ship, stuck in the southern part of the Suez Canal, has been partially refloated, according to Egypt Today Magazine. Tugboat efforts will continue Monday around high tide to clear the blockage in one of the world’s most important shipping lanes.

Ever Given has been paralyzed in the canal for nearly a week as more than 450 ships are queued up, waiting to transit the vital shipping lane while others have rerouted around the Cape of Good Hope.

A statement by the Suez Canal Authority (SCA) said the container ship has “responded to the pulling and towing maneuvers.” We reported Sunday at least 14 tugboats and a dredging vessel have worked around the clock for days to move the Ever Given. SCA gave no timeline when the canal would reopen since the vessel is only partially refloated.

Egypt Today Magazine, using VesselFinder, shows Ever Given’s positioning has changed. The vessel’s bow is positioned more into the channel than ever before.

The local news agency tweeted a video of the salvage team blaring their foghorns in jubilation after the vessel was partially refloated.

VesselFinder shows Ever Given’s trajectory has dramatically shifted into the channel.

SCA confirmed on Monday Ever Given changed its course and is “80% refloated after it was partially freed.”

Egypt Today Magazine notes tugboats have led to the vessel’s partial refloating, and the stern is now 102 meters away from the bank of the canal. There will be additional maneuvers later today once high tide arrives to fully refloat the vessel and position it in the middle of the channel.

As a result of the positive news, crude prices retreated, with Brent crude futures dipping as much as 1.5%.

Peter Berdowski, chief executive officer of Boskalis Westminster, the salvage team’s parent company, told Bloomberg with the vessel partially refloated, the stern of the ship is “still very stuck in the mud.”

“Putting the rear end of the ship afloat was the easy part,” Berdowski said to Dutch NPO Radio. “The challenging part will be the front of the ship. Now, we will start working at the front.”

There are still no timelines for when the vessel will be fully refloated. More than 450 ships have been stuck around the canal, waiting to transit the canal. Global supply chains have already been affected as some vessels have rerouted around the Cape of Good Hope.

Even when Ever Given is refloated – the backlog of vessels, 450 and counting, would mean that it would take at least ten days to resume normal activity in the canal, meaning the Suez crisis is not over.

Source: Bloomberg

“It’s one thing to refloat the ship, and it’s another thing to clear the canal of traffic completely,” Hugo De Stoop, CEO of oil-shipping firm Euronav, said to Bloomberg Television. “Whatever has been accumulated so far will take time to clear. The tentative timeline is probably two to three weeks because the Suez canal was used probably at full capacity.”

With the vessel partially refloated, and once high tide returns, the vessel’s own propulsion system might be used in conjunction with the dozen-plus tugboats.

The good news is that the worst-case scenario of unloading the vessel might be avoided. As JPMorgan’s Marko Kolanovic told clients last week, any reloading of the vessel risks “ship breaking.”

 

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    Author: Tyler Durden
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    Date: March 29th, 2021
    Website: https://www.zerohedge.com/

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    4 Comments...

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    1. Oops! says:

      “Partially refloated”
      Why did those words
      remind me of Biden?🤣😂

    2. Andrea.Iravani. says:

      Serioisly? We are supposed to believe that Russia hacked Chad Wolf’s email account and didn’t publish the contents on Sputnik?! 

      Nobody is stupid enough to believe that this was done by foreigners from any country! This was obviously done by the “intelligence” agencies right in America! Hey, have you “geniuses” found the missing $21 trillion from the Pentagon yet?! That should be a really high priority! It is enough money to eliminate almost all of the national debt, FYI. You really ought to be firing Jay Clayton and scouring Panama Papers names and Jay Clayton’s phony scams linked to the Panama Papers, Glodman Sachs, the SEC, and many more! 

      Sputnik reports:
      “The massive SolarWinds breach was only noticed by US authorities in December last year – Washington said the cyberattack started much earlier in March.”

      “Hackers managed to access e-mails of the former acting head of the US Department of Homeland Security Chad Wolf in the SolarWinds breach, the Associated Press reported, citing more than a dozen current and former US government officials who spoke on condition of anonymity.”

      https://sputniknews.com/us/202103291082481096-top-dhs-officials-e-mails-compromised-in-solarwinds-hack-report-says/

      Andrea Iravani

    3. Andrea.Iravani. says:

      Grafton Wisconsin government employee Amber Thomas in the water and waste water division has decided to murder me in cold blood, which she informed me of today because she said that they will turn off my water for refusing to allow the Grafton government to enter my home to install a new water meter even though I informed her that she has no right to enter my house, she said, yes, we have a right to go into your house. I told her that she does not because it would be a violation of the 4th amendment. I told her to place the meter outside and she lied and said that they would freeze, even though there are outdoor water meters used in Madison WI and Amber Thomas is the supervisor that makes these decisions. There is no Wisconsin or federal law that requires water meters either. 

      Amber Thomas has the mindset of a rapist, believing that she is entitled to force her way into people’s homes and if they do not comply, they will die, because nobody can survive without water.

      It is like someone that holds a gun to your head and says give me your watch, and if you don’t I will shoot you, and try to make you think that it would be your fault if you do not give them your watch and they shoot you.

      I refuse to tolerate Amber Thomas trying to force her way into my home, by threat of my imminent death for not complying.

      If I die, it will be Amber Thomas’s and the Grafton government’s fault for cold blooded, pre-meditated homicide. Amber Thomas is a psychopath, obviously! 

      From Madison Wisconsin’s website:

      “Madison Water Utility has an Advanced Metering Infrastructure (AMI) network that reads and transmits water consumption on a daily basis. Some customers may choose not to have a transmitter inside their home. MWU’s opt-out policy offers two options: have the transmitter installed on the outside of the building, or not have it installed on the property at all.”

      “Option 1: Electronic Read Transmitter (ERT) installed on the outside of residence/building: $50.69 one-time charge
      Option 2: No Electronic Read Transmitter (ERT) on property: $4.06 additional monthly charge
      Please fill out and submit an opt-out form if you are interested in one of the two options above.”

      Standard Meter Opt-Out Form

      “In order to opt out, you must set up an appointment to have a Madison Water Utility meter technician visit your home or business. Call (608) 266-4765”

      https://www.cityofmadison.com/water/billing-rates/water-meter/standard-water-meter-opt-out

      Andrea Iravani

      P.S. government employees are as obnoxious and rude as hell to even place such outrageous demands on people! With all of the taxes paid, why in the hell are they even charging me for water in the first place?! These are the same retarded psychopaths that spent $7 million to replace the plumbing at the high school with 700 students. Wisconsin is mob run. They never bust corruption in Wisconsin, because they are all corrupt. At least Illinois busted Blogoyovitch!

    4. Andrea.Iravani. says:

      How in the Hell Do These Monsters Epect Anyone to Believe That They Care About Health When They Will Not Even Allow People to Use Water if They Refuse to Install a New Water Meter, or If They Are Delinquent? Why in the Hell Should We Be Asking for Free Healthcare or College When We Don’t Even Have Free Water?! WTF?! 

      First Things First! They Let People Die of Thirst!

      Grafton Wisconsin government employee Amber Thomas in the water and waste water division has decided to murder me in cold blood, which she informed me of today because she said that they will turn off my water for refusing to allow the Grafton government to enter my home to install a new water meter even though I informed her that she has no right to enter my house, she said, yes, we have a right to go into your house. I told her that she does not because it would be a violation of the 4th amendment. I told her to place the meter outside and she lied and said that they would freeze, even though there are outdoor water meters used in Madison WI and Amber Thomas is the supervisor that makes these decisions. There is no Wisconsin or federal law that requires water meters either. 

      Amber Thomas has the mindset of a rapist, believing that she is entitled to force her way into people’s homes and if they do not comply, they will die, because nobody can survive without water.

      It is like someone that holds a gun to your head and says give me your watch, and if you don’t I will shoot you, and try to make you think that it would be your fault if you do not give them your watch and they shoot you.

      I refuse to tolerate Amber Thomas trying to force her way into my home, by threat of my imminent death for not complying.

      If I die, it will be Amber Thomas’s and the Grafton government’s fault for cold blooded, pre-meditated homicide. Amber Thomas is a psychopath, obviously! 

      From Madison Wisconsin’s website:

      “Madison Water Utility has an Advanced Metering Infrastructure (AMI) network that reads and transmits water consumption on a daily basis. Some customers may choose not to have a transmitter inside their home. MWU’s opt-out policy offers two options: have the transmitter installed on the outside of the building, or not have it installed on the property at all.”

      “Option 1: Electronic Read Transmitter (ERT) installed on the outside of residence/building: $50.69 one-time charge
      Option 2: No Electronic Read Transmitter (ERT) on property: $4.06 additional monthly charge
      Please fill out and submit an opt-out form if you are interested in one of the two options above.”

      Standard Meter Opt-Out Form

      “In order to opt out, you must set up an appointment to have a Madison Water Utility meter technician visit your home or business. Call (608) 266-4765”

      https://www.cityofmadison.com/water/billing-rates/water-meter/standard-water-meter-opt-out

      Andrea Iravani

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