Global Excitement As Suez Canal Reopens With Ship Fully Refloated

'Dotun Akintomide
Writer

Ad

OPEC Rejects Media Reports of Major Output Hike Ahead of G8 Meet

OPEC has slammed the brake on speculation, flatly rejecting media reports that the G8 is preparing to hike crude oil production by half a million barrels per day. In a statement from Vienna on Tuesday, the OPEC Secretariat called the claims “wholly inaccurate and misleading,” stressing that discussions among ministers for the upcoming meeting haven’t…

Ranked: Countries Losing the Most (and Least) from Trump’s Tariffs

Trump’s tariffs are hitting all of America’s major trading partners. But in U.S. trade, what matters isn’t just the tariffs a country faces—it’s how they stack up against competitors. This visualization, made with the Hinrich Foundation, shows which countries are losing the most, and the least, from Trump’s tariffs. The data seen here is sourced from…

Emergency in Rivers: Romancing impunity?, By Ebun Olu-Adegboruwa 

By Ebun-Olu Adegboruwa, SAN “I urge every Nigerian home and abroad to try and live within the confines of the law of the land and the Constitution of the Federal Republic of Nigeria. If we are able to do just that, we will be sure of ensuring that peace and unity reign in the country.…

Ad

With Agency Report — There was excitement in the global shipping industry, Monday, as traffic through Egypt’s Suez Canal resumes after a giant container ship which had been blocking the busy waterway for almost a week was refloated, according to the canal authority.

The 400-metre (430-yard) long Ever Given became jammed diagonally across a southern section of the canal in high winds early last Tuesday, halting traffic on the shortest shipping route between Europe and Asia.

“She’s free,” an official involved in the salvage operation said.

After dredging and excavation work over the weekend, rescue workers from the Suez Canal Authority (SCA) and a team from Dutch firm Smit Salvage succeeded in partially refloating her early on Monday using tug boats, two marine and shipping sources said.

Efforts to completely free her continued throughout the day.

At least 369 vessels are waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) vessels, SCA Chairman Osama Rabie said.

The SCA has said it can accelerate convoys through the canal once the Ever Given is freed. “We will not waste one second,” Rabie told Egyptian state television.

He said it could take from two-and-a-half to three days to clear the backlog, and the canal source said more than 100 ships would be able to enter the channel daily.

Shipping group Maersk said the knock-on disruptions to global shipping could take weeks or months to unravel.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp