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Fitch: Suez blockade threatens reinsurers with large costs

Fitch: Suez blockade threatens reinsurers with large costs

by Mariska Buitendijk | Mar 29, 2021 | Grounding, News, Shipping

The blockade of the Suez Canal by the ship Ever Given will result in a large bill for reinsurers worldwide. Credit rating agency Fitch thinks the industry will have to pay out hundreds of millions of euros because of the issue, even as rescuers gradually refloat the...

ECT: Suez Canal blockage could cause problems for months to come

by Mariska Buitendijk | Mar 29, 2021 | Grounding, Maritime accidents, News, Shipping

The problems resulting from the congestion in the Suez Canal caused by the grounded container ship Ever Given could last ‘weeks to months’, says the Rotterdam container terminal ECT. This is because once the ships can pass through the Suez Canal again,...
Attempts to pull bow of container ship in Suez Canal free about to start

Attempts to pull bow of container ship in Suez Canal free about to start

by Mariska Buitendijk | Mar 29, 2021 | Dredging, Grounding, News, Shipping

The rescue operation to refloat the grounded ship in the Suez Canal is expected to resume around 11.30 am on Monday morning. The stern of the ship has already been pulled loose. That was the easiest part of the operation, according to maritime services provider...

Container ship that grounded in Suez Canal moves, but ‘too soon to celebrate’

by Mariska Buitendijk | Mar 29, 2021 | Dredging, Grounding, News, Shipping

The ship the Ever Given, which has been blocking the important shipping route through the Suez Canal for almost a week, moved slightly last night. But according to CEO Peter Berdowski of maritime services provider Boskalis, it is still too early to say that the...
Suez Canal Authority: Wind not main cause of container ship Ever Given grounding

Suez Canal Authority: Wind not main cause of container ship Ever Given grounding

by Mariska Buitendijk | Mar 27, 2021 | Dredging, Grounding, Maritime accidents, News, Shipping

Strong winds were not the main cause of the container ship Ever Given running aground in the Suez Canal, as was reported earlier. The Chairman of the Suez Canal Authority, the state-owned company that owns the canal, said this in a press conference. It is possible...
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