OT: Suez Canal Boat Has Been Freed

Submitted by BursleyHall82 on March 29th, 2021 at 3:00 PM

I agree with Brian (and Twitter). This has all been really, really funny. But now it's been freed. LINK.

xtramelanin

March 29th, 2021 at 3:23 PM ^

can you share a couple? i can see the opportunity for humor.

as an aside, i had no idea that those things are an actual 400 meter/quarter mile long ship.  and they hold 20,000 containers, containers being 24' long metal boxes.   i'm sure those bad boys must lose containers into the ocean when it's rough.  i bet there are many thousands of them in davy jones' locker. 

xtramelanin

March 29th, 2021 at 6:03 PM ^

interesting.  those all look like 40' containers.   what a mess and i would love to know the nautical engineering that would keep those boats from capsizing with all that high-centered weight.  

mgoblue0970

March 29th, 2021 at 7:28 PM ^

So I went to the flightradar24 version for shipping today to see what the backup @ the Suez on the map looked like.  It was just a blip, no pun intended, compared to 1,000s of vessels like that at sea all across the globe.

Makes me wonder if we need all the shit we consume?!

True Blue Grit

March 29th, 2021 at 5:08 PM ^

Not all container ships are as huge as this one.  This ship is one of the very largest.  Even though they just widened the Panama Canal, this one still wouldn't fit through it.  This particular ship was designed for the Asia to Europe route through the Suez.  Other not as huge container ships can now get through the Panama Canal and reach the U.S. East Coast.  This will help save a lot in shipping cost/time in the future, especially as East Coast port facilities are upgraded to handle the larger ships with more containers.  

The reasons this one got stuck were a combination of the really strong 40 mph wind storm they experienced combined with the enormously huge area of the side of the ship that's above the waterline.  That's A LOT of force pushing the ship sideways.  The engines and thrusters aren't powerful enough to overcome it.  

MaizeAndBlueWahoo

March 29th, 2021 at 5:15 PM ^

It never ceases to amaze me that a ship like this operates on one shaft.  Massive redundancy fail, not to mention making it difficult to drive.  Single-screw ships always tend to one side.

I don't believe for a minute that a gust of wind blew 400,000+ tons worth of ship and cargo into the side of the canal.  But it could have affected the steering.  The way that ship is loaded - more containers aft than forward - means the ship will handle counterintuitively in the wind.  You'd think you'd have to steer into the wind to compensate for the wind pushing you away - but if there's more freeboard aft of the pivot point, which looks like the case here, then the ship will turn into the wind in every gust.  A helmsman who didn't understand that could easily have accidentally driven the ship into the mud.  That plus the ship's natural tendency to turn one direction....well, that's why you need an experienced helmsman in the canal, and these ships don't really have one because they spend most of their time on autopilot.

aa_squared

March 29th, 2021 at 4:20 PM ^

The real screw-up is: when you are losing $400 million/hr, why don't you have at least 50 tug boats and/or 50 dredges working to get this free.

I understand there is limited space to work in, but looking at some of the pictures, there did not appear to be many support boats in the area. Why isn't the canal at least 10000 feet deep. Moving sand/dirt can't be more expensive than $400 million/hr.

With all the $$$$$ that flows through there, those recovery #'s would be a minimum.

Why do I see a 2nd channel in the future?

JMO

MaizeAndBlueWahoo

March 29th, 2021 at 5:01 PM ^

Egypt is not losing $400 million an hour.  Nobody is, really.  The only money Egypt loses is from ships that would've gone through the canal and decided to divert.  Hard to say how much that is.  Maybe you're getting that number from the $9 billion of commerce that goes through there daily.  But as much as people like to play up the "global commerce shutting down" angle, two things:

- The global GDP is $83.8 trillion, or $229.7 billion daily, so $9 billion isn't much.

- There are 56,000 merchant ships in the world and about 150 of them waiting to get through the canal.

There already is a second channel in some places, but it's not to prevent this from happening; it's to reduce waiting time for two-way traffic.

UM85

March 29th, 2021 at 6:05 PM ^

"Egypt is not losing $400 million an hour.  Nobody is, really."

False. Business Interruption losses due to this will be enormous.  The ship's owner is reported to carry $3 billion of insurance; speculation is that will not be enough.  This is why there is insurance but multiple insurance companies will get hit hard and the ship's owner is destined to get tagged pretty significantly as well.

MaizeAndBlueWahoo

March 29th, 2021 at 6:38 PM ^

Yes, but the canal was blocked for six and a half days, which is 156 hours, which would add up to $62.4 billion in losses at $400 million an hour.

The $400 million figure comes from a Lloyd's List estimate of the value of goods not flowing through the canal, which is delays, not losses.  Losses will be large - but they will not even approach that size.  By nominal GDP, that's a figure bigger than the economies of more than half the world's countries.

UM85

March 30th, 2021 at 8:28 AM ^

 I agree with your new position that "Losses will be large"  not "Egypt is not losing $400 million an hour.  Nobody is, really."   But the additional comment that delays are somehow different than losses remains incorrect.  Delays are causing massive losses.  For one, there will be a substantial impact on manufacturing as factories sit idle or at reduced capacity.  That causes losses to the owners of the manufacturers and any laborers who are furloughed.  Oil has gone up significantly causing anyone using oil-based products a loss - think of all the train and truck traffic who are paying more now at the pump.  These are real losses.  Maybe not to the $62B number, but massive losses.

 

MaizeAndBlueWahoo

March 30th, 2021 at 10:27 AM ^

There is really no way to add up all the losses to $400 million an hour.  You are saying "there will be massive losses" and trying to equate that to the specific figure I said would not happen, and even agreeing it will not happen while simultaneously not agreeing.  The combined losses to this will not even approach $62.4 billion. Very generously, it might be $10 billion.

Brimley

March 29th, 2021 at 3:32 PM ^

I am amazed that the oil industry didn't take the opportunity to jack prices 10%, citing supply interruptions.  That's how they would've done it 30 years ago.  They're getting soft.

And yes, I'm being mostly sarcastic.  I'm jaded by years of sudden gas price jumps when someone steps on a butterfly someplace.