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An oil tanker briefly got stuck in Egypt’s Suez Canal on Wednesday (31st August), raising fears that last year’s major blockage of the global maritime route could be repeated
An oil tanker briefly got stuck in Egypt’s Suez Canal on Wednesday (31st August), raising fears that last year’s major blockage of the global maritime route could be repeated. The Affinity V ran aground in the Suez Canal, the canal authority said in a statement adding that maritime traffic had been restored after a short period.
The incident was caused by technical damage to the rudder resulting in a loss of control of the ship. The oil tanker has been carrying 64,000-ton oil and was successfully re-floated by mobilizing more than five towing vehicles for the operation. The 250-meter-long, Singaporean-flagged tanker is headed for the Saudi port of Yanbu.
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The Suez Canal, a vital link between Asia and Europe accounts for 10 percent of the world’s maritime trade. As reported by www.trendsnafrica.com, last year super tanker Ever Given got struck diagonally across the canal during a sandstorm. The entire ship’s movement through the canal got disrupted. World trade for nearly a week got adversely affected. It was reported that Egypt lost between US$12 million and US$15 million every day of the closure. The insurers estimated the global maritime trade suffered billions of dollars of lost revenue per day. Presently, Egypt is working on a project to widen and deepen the southern portion of the canal where the Ever Given had gotten stuck.
