The cost of one stuck ship in the Suez Canal – rising costs of fuel, household goods, food

[Big Boy]

Ah OK, I saw that, but it seems the front is still imbedded in the sand, and won't free until the tide rises.

[HHTel]

https://www.bbc.com/news/world-middle-east-56559904

In a statement, the Suez Canal Authority said that once the tide had reached 2m, rescue workers would aim to fully restore "the vessel's direction so it is positioned in the middle of the navigable waterway".

Traffic would resume once the ship was moved to a waiting area in a wider section of the canal, the authority said. A total of 367 vessels are waiting to pass through, and officials have said it will take three and a half days to clear the traffic jam.

"We will not waste one second," Suez Canal Authority Chairman Osama Rabie told Egyptian state television.

The stern, which had been 4m from the shore, was now 102m clear, the Suez Canal Authority said, adding that the boat had been fully refloated.

[HHTel]

There are several external reports on that BBC link and they don't follow a timeline. The one that appears to be the latest claims that the ship has been fully refloated.
The report I heard on the news said that the ship is fully afloat and pointing in the direction of it's original course (North). They were waiting for a high tide to move it to a wider part of the canal.

[HHTel]

https://www.msn.com/en-gb/news/world/su ... li=BBoPWjQ

The above link shows photos of the ship completely afloat and away from the banks. Lots of open water to be seen.

[Big Boy]

Good news then, thank you.

[dtaai-maai]

Relax, chaps, it's official now: https://www.bbc.co.uk/news/world-middle-east-56567985

[PeteC]

I hope no one has household goods in transit on this ship. It may be a long time before you get them.

Suez megaship owner haggles over $900m release demand

https://www.bangkokpost.com/world/20997 ... ase-demand

TOKYO: The Japanese owner of the megaship seized after blocking the Suez Canal said it is negotiating with Egyptian authorities who have demanded US$900 million in compensation before releasing the vessel.

The 200,000-tonne MV Ever Given was left stuck diagonally across the narrow but crucial global trade artery by a sandstorm on March 23, triggering a mammoth six-day-long effort to dislodge it.

Maritime data company Lloyd's List said the blockage by the vessel, longer than four football fields, held up an estimated $9.6 billion-worth of cargo between Asia and Europe each day it was stuck.

Egypt also lost between $12 and $15 million in revenues for each day the waterway was closed, according to the canal authority.

The MV Ever Given was later seized "due to its failure to pay $900 million" compensation, Suez Canal Authority chief Osama Rabie was quoted as saying by the state-run Al-Ahram newspaper.

Its fate is "now... in the legal arena," a spokeswoman for the ship's owner Shoei Kisen Kaisha told AFP Wednesday.

An unnamed spokesperson was also quoted by Japan's Jiji Press agency as saying the firm was "at odds with the canal authority in talks over the appropriate amount (of compensation)" but that discussions were ongoing.

The Japanese-owned, Taiwanese-operated and Panama-flagged ship was moved to unobstructive anchorage in the canal after it was freed on March 29, and tailbacks totalling 420 vessels at the northern and southern entrances to the canal were cleared in early April.

The compensation figure was calculated based on "the losses incurred by the grounded vessel as well as the flotation and maintenance costs" Rabie said, citing a ruling handed down by the Ismailia Economic Court in Egypt.

The grounding of the ship and the intensive salvage efforts are also reported to have resulted in significant damage to the canal.

The Suez Canal earned Egypt just over $5.7 billion in the 2019/20 fiscal year, according to official figures -- little changed from the $5.3 billion earned back in 2014.

[Ginjaninja]

Egyptians trying to rip someone off? There's a surprise...
Pretty obvious case of Force Majeure.

[dtaai-maai]

Egyptians trying to rip someone off? There's a surprise...
Pretty obvious case of Force Majeure.

Force majeure? I haven't been following this closely so I may well have missed something, but I would have thought negligence a much more likely cause. Force majeure will be the basis of claims from shipping companies delayed by the event.