The global shipping market is facing challenges! The Suez Canal interrupted many shipping companies to announce the affected ships, and the Nordic ports are at risk of congestion!
At around 6 am GMT 23rd, 2021, the liner Ever Given ran aground on the Suez Canal. This super-large freighter of 20,000 TEU has caused a two-way blockade of the canal for nearly four days.
The global shipping market is facing challenges! The Suez Canal interrupted many shipping companies to announce the affected ships, and the Nordic ports are at risk of congestion!
The global shipping market is facing challenges! The Suez Canal interrupted many shipping companies to announce the affected ships, and the Nordic ports are at risk of congestion!
The global shipping market is facing challenges! The Suez Canal interrupted many shipping companies to announce the affected ships, and the Nordic ports are at risk of congestion!
▍Rescue is still continuing and may take several weeks
It is reported that rescue teams from the Netherlands and Japan are heading to the hard-hit "Ever Given" round.
Evergreen Shipping said that Japanese shipowner Shoei Kisen Kaisha has appointed Dutch expert Smit Salvage and Japanese expert Nippon Salvage to come to the rescue. In addition, the available tugboat and equipment arranged by the Suez Canal Authority have been salvaged for two days, and the ship has partially resurfaced. , And move along the shoreline of the canal.
The global shipping market is facing challenges! The Suez Canal interrupted many shipping companies to announce the affected ships, and the Nordic ports are at risk of congestion!
The global shipping market is facing challenges! The Suez Canal interrupted many shipping companies to announce the affected ships, and the Nordic ports are at risk of congestion!
Usama Rabie, chairman of the Egyptian Suez Canal Authority, issued a statement on the 25th, saying that rescues for container ships stranded in the Suez Canal are still continuing and the canal's navigation is suspended. A person from a rescue company said that it is not ruled out that the rescue may take several weeks.
In an interview with the media on the 25th, Rabie said that once the rescue is successful, the Suez Canal will pass around the clock to make up for the waiting time of the stranded cargo ships. The exact time when the stranded container ship will be rescued is still uncertain.
The Egyptian Pyramids online website quoted the person in charge of a Dutch rescue company as saying that the stranded cargo ship has a large tonnage, and it cannot be ruled out that the rescue may take several weeks.
The global shipping market is facing challenges! The Suez Canal interrupted many shipping companies to announce the affected ships, and the Nordic ports are at risk of congestion!
Ships waiting in line
▍The shipping company announces the affected ships and seeks alternative routes
The Suez Canal port agency, Leth Agencies, said that as of the 25th, 156 ships were waiting in line to pass through the canal, of which 48 were waiting in Port Said (port said), 38 were waiting in Great Bitter Lake, 70 The ship is waiting at the port Suez anchorage.
Leth Agencies said that when the stranding occurred, three ships followed the "Ever Given", including the 6,200 teu "Maersk Denver", which was escorted out of the canal back to the anchorage in Port Suez.
According to the analysis of the large sailing schedule, it was found that 82 ships were originally scheduled to arrive at the Suez Canal between March 21 and March 27.
The global shipping market is facing challenges! The Suez Canal interrupted many shipping companies to announce the affected ships, and the Nordic ports are at risk of congestion!
Source: CargoSmart
At present, many liner companies, including Maersk, Mediterranean Shipping, COSCO Shipping, CMA CGM, ONE, and Yangming Shipping, have their ships affected. The resulting delays in shipping schedules can further deduce that the market has started empty shifts, skipped ports, and then lacked containers, controlled cabins, and increased prices.
At the same time, major shipping companies are closely monitoring the situation before deciding whether to diverge to Cape of Hope for Asia-Europe routes.
According to a client statement issued by Maersk’s headquarters in Copenhagen, the company currently has 7 ships directly affected, 4 in the sea lane and 3 in line outside. Maersk is currently looking for alternative routes and is considering providing aviation solutions for time-critical cargo.
Maersk said in the comments: “We are paying close attention to pontoon operations and are currently looking for all possible alternatives, including air freight solutions for critical and time-sensitive cargo, or sailing on the Cape of Good Hope route in the southernmost tip of Africa.”
In addition, the shipping company Hapag-Lloyd also announced the affected ships:
The global shipping market is facing challenges! The Suez Canal interrupted many shipping companies to announce the affected ships, and the Nordic ports are at risk of congestion!
Ships affected by Mediterranean Shipping:
The global shipping market is facing challenges! The Suez Canal interrupted many shipping companies to announce the affected ships, and the Nordic ports are at risk of congestion!
▍The global shipping market is facing severe challenges, and Nordic ports are at risk of congestion
According to Lars Jensen, CEO of Seintelligence, the situation deteriorates every hour, but the exact consequences are difficult to determine.
“The longer it takes to re-float the vessel, the greater the risk of serious congestion in Nordic ports and the greater the obstacles that need to be cleared. To some extent, we will reach a point that is difficult to manage.”
If the ship detours the Cape of Good Hope to reach Europe, it will increase the voyage by about one week, and the ship will have to increase the speed to regain part of the time, which will undoubtedly increase the fuel cost of the liner company. But in any case, it will cause a large number of cargo to enter the main European ports. Because the goods in the current congestion will arrive in Europe at the same time as the goods arriving later.
Jensen explained: "This increases the risk of congestion in European ports a week later. At the same time, it also further increases the time it takes for Asian empty containers to be returned."
Considering that the current global supply chain has reached its limit and shipping companies have invested all their capacity to meet market demand, the closure of the Suez Canal at this time is an extremely severe challenge to the global shipping market.
The Suez Canal is located at the key point of the intercontinental belt of Europe, Asia and Africa. It connects the Red Sea and the Mediterranean. It is one of the busiest trade routes in the world. About 12% of global trade flows through this place, including 5% to 10% of global trade. Energy commodities such as liquefied natural gas, crude oil and refined oil products, and other commodities such as clothing, furniture, and auto parts. Lloyd's Register estimates that the trade volume in the westbound direction of the canal is approximately US$5.1 billion per day, and the trade volume in the eastbound direction is approximately US$4.5 billion per day.
It is understood that the highest single-day income of the Suez Canal this year has reached 22.2 million U.S. dollars, which means that the loss of the Suez Canal for one day is about 20 million U.S. dollars. In addition, the demurrage of other ships and accident clean-up fees may be an astronomical amount. digital.
