One of the world’s largest cargo vessels was partly flown back on the Suez Canal. The cause of massive traffic jam at Suez Canal at either end of the vitally important foreign trading artery.

Ever Given, a so-called mega-ship run by Evergreen (based in Taiwan). It was 220,000 tonnes, 400 metres long on Tuesday near the south end of this canal. Amid heavy winds and dust storm, the Suez Canal Authority (S.C.) reported that it was lost.

Eight trawlers were working to release the vessel. According to Egyptian government figures, blocked a lane vital to the Asia-Europe trade. The path moved through around 50 ships a day in 2019.

To facilitate the bottleneck of backed-up maritime traffic, historic parts of the canal were reopened.

“Accidentally, the container was struck by an alleged wind burst,” Evergreen Marine Corp told AFP.

SCA said the ship was hit by a sandstorm, which at this time of year was typical in Egypt’s Sinai Desert. It blocked the light and limited the Captain’s vision to see.

It was “mainly because the weather conditions at 40 knots impaired the vessel’s power, which was not visible,” the SCA said in a statement. The SCA reported.

The vessel’s bow touched the eastern wall of the channel. According to MarineTraffic.com satellite data, its stern was against the west wall.

The Ever Given is one of the world’s biggest freight ships. It can transport approximately 20,000 containers at a time.

The shipping company of Taiwan said the ship “was accused of sudden strong wind that causes the hull of the vessel to wand from the water and strike unintentionally and run off” and that Evergreen Marine Corp leased the vessel under a service contract.

The operation to Move the Ever Given Vessel

On Wednesday morning, a rising number of tankers gathered blocking the gates of the canal. The Kpler research firm said 7 ships carrying 6.3m barrels of crude oil couldn’t move. It is with 3 more bearing 2.5m barrels planning and tries to cross by the end of the week.

The operation has reportedly been suspended until Tuesday to move the Ever Given Vessel still aground and create a traffic jam at Suez Canal.

The report follows that an Egyptian official has stated that this will take at least two days. Since Tuesday morning it became a Suez canal traffic jam. Marine transport has been supplemented in both directions of the Suez Canal. To ease the congestion and make ships move again. Historical parts of the canal have been enabled according to the Suez Canal Authority.

Experts say it can take a few days or even weeks to streamline the process caused by the blockage.

In general, approximately 50 ships travel every day in both directions from the Mediterranean to the Red Sea.

According to its owners, high winds were responsible for the establishment of the Ever Given and it was jammed horizontally in the critical path.

Ever Given, whose flag is based in Taiwan, has been in Panama from China and was expected to be delivered on 1 April, to Rotterdam in the Netherlands.

Cargo ship owner Ever Given could face millions of dollars in insurance claims

According to a new survey, the owners and insurers of the large ship Ever Provided, which has been wedged several days in the Suez Canal, will face a mass of insurance claims.

According to Reuters, if the boat re-floated, the boat’s owners and insurers may have been facing millions of dollars in insurance claims, primarily because of the costs of the rescue operation and the trail of global delays in the shipment caused by the blockade.

This ship lost control of its steering system at the start of Tuesday. It struck almost perpendicularly and created a traffic jam at Suez Canal.

Japanese company Shoei Kisen KK operated the ship. It insurers in Suez Canal Authority will have to policy implemented because of lost revenue from at least 30 vessels unable to transport goods.

The study added that the ship was protected on the Japanese market and probably covered equipment loss worth $100-140 million.

Other ships would probably tag insurance claims from the insurer of the ship due to damages onboard goods, with many of them cheap to produce and deliveries overdue.

And the jam also has immense economic effects, with oil prices rising by close to 4% on Wednesday, a year full of production accidents.

History of Suez Canal

The Suez Canal in Egypt opened 150 years ago. It has been extended and modernised periodically and is now able to accommodate some of the biggest supertankers in the world.

Here is a look at the key steps in waterway expansion, which accounts for approximately 10% of maritime foreign trade.

In 1869, the first opening of the canal on sea level was 164km long and 8m low.

As per the Suez Canal Authority, it can handle ships up to a depth of around 4,500 tonnes. This is at that time comprised the majority of the world’s flood.

It was improved in 1887 so that movement could or more in the night.

It was only in the 1950s, as requested by shipping firms, that the waterway widened, deepened and extended gradually.

When Egyptian President Gamal Abdel Nasser nationalised in 1956, it was 175km long and 14 metres deep; container ships of approximately 27,000 tonnes could carry it to 10.7 metres of depth.

The waterway’s length reached 193.3km and its depth was increased to 24m in 2015.

It indicated that supercharges with a volume of about 217.000 tonnes. Some of the largest in the world could accommodate the canal, which went into the water to 20.1m deep.

The canal was used daily by about 50 vessels in 2019, compared to three in 1869.

The government is planned to nearly double traffic by 2023, and double-way traffic also reduces long waits.

The bulk of oil carried by sea goes over the Suez Canal. It is the quickest bridge from the Atlantic to the Indian Ocean. but needs heavy toll fees. Oil is the bulk of the cargo that travels from the Gulf to West Europe. On the other hand, the majority of the products and grains produced are from Europe and North America. It mostly heading towards the Far East and Asia.