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Suez Canal container ship accident is a worst-case scenario for global trade

Suez Canal container ship accident is a worst-case scenario for global trade

IT'S estimated that 90% of the world’s trade is transported by sea. As consumers, we rarely give much thought to how the things we buy make their way across the planet and into our homes. That is, until an incident like the recent grounding of a huge container ship, the Ever Given, in the Suez Canal exposes the weaknesses in this global system. RORY HOPCRAFT, Industrial Researcher, University of Plymouth KEVIN JONES, Executive Dean, Faculty of Science and Engineering, University of Plymouth KIMBERLY TAM, Lecturer in Cyber Security, University of Plymouth High winds have been blamed for the container ship…
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Suez Canal steps up efforts to remove blockage as shipping rates surge

Suez Canal steps up efforts to remove blockage as shipping rates surge

FLORENCE TAN, JESSICA JAGANATHAN, ROSLAN KHSAWNEH and GAVIN MAGUIRE  THE Suez Canal stepped up efforts yesterday to free a giant stuck container ship and end a blockage that has sent shipping rates for fuel tankers soaring and disrupted global supply chains for everything from grains to baby clothes. Shipping rates for oil product tankers have nearly doubled after the 400-metre (430-yard) long Ever Given ran aground in the vital trade waterway on Tuesday. Efforts to free it may take weeks and be complicated by unstable weather conditions, threatening costly delays for companies already dealing with COVID-19 restrictions. Shoei Kisen, Ever…
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‘Beached whale’ ship could block Suez Canal for weeks

‘Beached whale’ ship could block Suez Canal for weeks

YUSRI MOHAMED, GAVIN MAGUIRE and FLORENCE TAN A container ship blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade. The 400 m (430 yards) Ever Given, almost as long as the Empire State Building is high, is blocking transit in both directions through one of the world's busiest shipping channels for oil and grain and other trade linking Asia and Europe. The Suez Canal Authority (SCA) said eight tugs were working to move the vessel,…
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