Attempts to rescue one of the world’s largest ships are facing difficulties • Biden said the US is looking for solutions to the situation, senior government officials said the Navy is ready to send a team of experts to the scene • The goods on the ships stuck in traffic – $ 12 billion
N12
| Posted 27/03/21 14:00
The ships continue to accumulate in the huge traffic jam created in the Suez Canal, after one of the largest cargo ships in the world got stuck due to severe weather conditions five days ago. The repercussions are already being felt in the global oil market, the US president has intervened and said the Americans are looking for solutions to rescue the 400-meter-long “Aber Gibbon”.
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“We have equipment that most states do not have and we are looking at what help we can offer,” Biden said last night. The U.S. president’s remark came after a number of senior administration officials said the Navy was willing to send an expert tugboat to the canal but was awaiting government approval.
Meanwhile, the latest attempt to lower the ship’s voyage was halted last night as more and more companies are routing new ships to other ports in order to reduce the congestion created in the area. Despite this, at least 200 ships are currently in the huge traffic jam that has been created, which can also be seen from a great distance from the satellites hovering above.
The Golbes Canal reports that the Suez Canal, which separates Africa and Asia, is one of the busiest trade routes in the world, with about 12% of all world trade passing through it. According to the shipping magazine “Lloyd’s List”, every day that the canal is blocked – disrupts the passage of goods worth about $ 9 billion – that is, the cost of each hour of blockage is about $ 400 million.
It was also reported in Globes that due to the assessment that the evacuation of the canal is expected to last for many weeks, there is a direct impact on the global energy market. Meanwhile, oil futures have risen 4% tonight. Port operators in the canal are also losing tens of millions of dollars every day due to the traffic jam, with an estimated $ 12 billion worth of goods on the ships stuck in the traffic jam, according to the Wall Street Journal.