Panic on the world economy: a huge oil tanker has blocked the Suez Canal again

Panic on the world economy: a huge oil tanker has blocked the Suez Canal again

An oil tanker blocked the Suez Canal on Wednesday evening, fearing a disruption to maritime traffic as early as 2021, the Suez Canal Authority (SCA) announced Thursday night.

“Traffic has been restored and tanker Affinity V has been successfully withdrawn” Shortly after midnight, the SCA announced, specifying that it had mobilized “Canal Rescue Services in an operation that involved more than five towing vehicles”,

The event was caused by a “The ship lost control due to technical damage to the hull”pointed to this source, without specifying the exact period during which circulation in the channel was blocked.

affinity v tanker “Drown in the Suez Canal at 7:15 pm.” (5:15 a.m. GMT), a security source told AFP, maritime traffic was later restored “little time” without further details.

The canal is one of the busiest shipping routes in world trade.

according special ship finder siteThe Singapore-flagged tanker, 250 meters long and 45 meters wide, is headed for the Saudi port of Yanbu.

10% of world maritime trade goes through it

It is the first time that a ship has blocked a strategic channel since the incident of Ever Given, a massive container ship weighing about 200,000 tonnes whose bow was embedded in the east bank of the channel during the storm. ,

Stuck across, it blocked for several days the traffic route between Europe and Asia, which sees about 10% of world maritime trade. The rescue operation lasted for six days and an SCA agent lost his life.

Egyptian President Abdel Fattah el-Sisi in May approved plans to widen and deepen the southern side of the canal in which the ship was stuck.

See also  Trade groups are planning a response if Trump continues to question the election results

According to the SCA, Egypt lost $12 to 15 million per day at the closure, while insurers estimated losses of billions of dollars per day to world maritime trade.

In July the Suez Canal announced a record profit of $7 billion in the 2021-2022 fiscal year, after repeatedly raising ship transit fees.


Please enter your comment!
Please enter your name here