CEO of Dutch Firm, At Suez To Rescue Stuck Ship, Says It Could Take Weeks

Published 25/03/2021, 13:18
© Reuters.

By Dhirendra Tripathi

Investing.com – In the words of Peter Berdowski, CEO of Dutch company Boskalis, the container ship blocking the Suez Canal is like a "beached whale" that could take weeks to be rescued.

"We can't exclude it might take weeks, depending on the situation," Reuters quoted Berdowski as telling a Dutch television channel. Boskalis is a salvage company involved in the rescue.

The ship, ‘Ever Given’, got stuck diagonally across the single-lane southern stretch of the canal on Tuesday morning amid high winds and a dust storm.

Owned by Taiwan’s Evergreen, the ship, one of the world’s largest, is now blocking about 100 others on either side of the canal, making it one of the world’s worst traffic jams ever on sea. The canal is fastest sea route for trade between Europe and Asia.

Thousands of tonnes of cargo the ship is carrying is making the exercise complicated. According to the Reuters report, eight tugs are working to move the vessel.

Berdowski told the channel the ship's bow and stern had been lifted up against either side of the canal.

"It is like an enormous beached whale. It's an enormous weight on the sand. We might have to work with a combination of reducing the weight by removing containers, oil and water from the ship, tug boats and dredging of sand," Berdowski said in the Dutch TV interview, according to Reuters.

Financial Times quoted John Glen, an economist at the Chartered Institute of Procurement & Supply, as saying that a prolonged shutdown of the canal risked severe disruption to supply chains in the U.K. and elsewhere.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.