Suez Canal blocked by Evergreen's stuck container ship

Mar 24 2021

An ultra large container ship operated by Evergreen ran aground at Suez Canal on Tuesday, blocking traffic on one of the world's most important transit canal.

  • The container ship named Ever Given, is a 2018 built 200,000 tonne ship with 20,000 TEU (twenty-foot equivalent unit) vessel owned by Evergreen (currently leased under a time charter).
  • As of 24-Mar, seven tug boats (mobilized by the canal authority) can be seen around the vessel as they attempt to refloat the container ship.
  • On crude oil, there are currently 7 laden vessels waiting near the entryway of Suez Canal, carrying a total of 6.3mbbls of oil. Of the 7 vessels, 2 are north bound for WoS, while 5 is heading south for Asia. Should the container ship remain trapped till the end of week, we expect the waiting vessels to be joined by 3 additional vessels carrying a combined total of 2.5mbbls of oil.
  • On refined products, there are currently 15 laden vessels with delayed ETAs for Suez Canal transit due to the congestion. Of the 15 vessels, 10 are heading north bound for WoS, while 5 is heading south for Asia and Red Sea. A total of 18 planned transit via the Suez Canal will be affected.

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