AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.11 Decreased By ▼ -0.42 (-0.32%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.46 Decreased By ▼ -0.17 (-3.67%)
DCL 8.69 Decreased By ▼ -0.25 (-2.8%)
DFML 40.90 Decreased By ▼ -0.79 (-1.89%)
DGKC 80.60 Decreased By ▼ -3.17 (-3.78%)
FCCL 32.81 Increased By ▲ 0.04 (0.12%)
FFBL 75.00 Decreased By ▼ -0.47 (-0.62%)
FFL 11.65 Increased By ▲ 0.18 (1.57%)
HUBC 109.16 Decreased By ▼ -1.39 (-1.26%)
HUMNL 13.80 Decreased By ▼ -0.76 (-5.22%)
KEL 5.33 Decreased By ▼ -0.06 (-1.11%)
KOSM 7.81 Decreased By ▼ -0.59 (-7.02%)
MLCF 39.00 Decreased By ▼ -0.79 (-1.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.95 Decreased By ▼ -4.71 (-2.36%)
PAEL 25.82 Decreased By ▼ -0.83 (-3.11%)
PIBTL 7.45 Decreased By ▼ -0.21 (-2.74%)
PPL 155.00 Decreased By ▼ -2.92 (-1.85%)
PRL 25.90 Decreased By ▼ -0.83 (-3.11%)
PTC 17.65 Decreased By ▼ -0.81 (-4.39%)
SEARL 78.60 Decreased By ▼ -3.84 (-4.66%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.85 Decreased By ▼ -0.66 (-1.91%)
TPLP 8.47 Decreased By ▼ -0.59 (-6.51%)
TREET 16.49 Decreased By ▼ -0.98 (-5.61%)
TRG 58.00 Decreased By ▼ -3.32 (-5.41%)
UNITY 27.50 Increased By ▲ 0.07 (0.26%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,489 Increased By 82.8 (0.8%)
BR30 31,312 Decreased By -400.9 (-1.26%)
KSE100 97,864 Increased By 535.8 (0.55%)
KSE30 30,469 Increased By 276.5 (0.92%)
World

Investigation begins into how ship got stuck on Suez Canal

  • The investigation will include examining the seaworthiness of the ship and its captain’s actions to help determine the causes, Rabie advisor Captain Sayed Sheasha said.
Published March 31, 2021

Formal investigations into how the giant container ship Ever Given ran aground in the Suez Canal, shutting down shipping in the major global waterway for almost a week, begin on Wednesday, a canal official told Reuters.

Suez Canal Authority (SCA) Chairman Osama Rabie has suggested weather conditions, including high winds, and human error could have played a role in the grounding on March 23.

The investigation will include examining the seaworthiness of the ship and its captain’s actions to help determine the causes, Rabie advisor Captain Sayed Sheasha told Reuters.

The Ever Given’s captain was committed to fully complying with the probe, which will start on Wednesday, Sheasha said.

The six-day blockage threw global supply chains into disarray after the 400-metre-long (430-yard) ship became jammed diagonally across a southern section of the canal, the shortest shipping route between Europe and Asia.

The incident is expected to give rise to flurry of insurance claims, with Lloyd’s of London expecting a “large loss”, possibly amounting to $100 million or more, according to its chairman.

The Japanese owner of the Ever Given said it had not received any claims or lawsuits over the blockage.

The six-day blockage threw global supply chains into disarray after the 400-metre-long (430-yard) ship became jammed diagonally across a southern section of the canal, the shortest shipping route between Europe and Asia.

The incident is expected to give rise to flurry of insurance claims, with Lloyd’s of London expecting a “large loss”, possibly amounting to $100 million or more, according to its chairman.

The Japanese owner of the Ever Given said it had not received any claims or lawsuits over the blockage.

Comments

Comments are closed.