Giant Cargo Ship Jams Suez Canal

[Yahoo 1]

The Ever Given has restarted its engines.

https://twitter.com/x/status/1376411420968022016

 

[High Wire]

They got it to move some last high tide but bow is still aground. Tide going out now. Maybe at next high tide in 9 hours or so. The end is near

 

[Yahoo 1]

Edit : Last part of my text missed.

Moved by violent winds, Ever Given is back stuck diagonally of the canal.
But tugs were able to control the situation, traffic in Suez canal is now open again.

 

[High Wire]

It’s moving NW at 1.5 knots right now!

 

[koliver]

07:54 PDT
Heading towards Great Bitter Lake at over 7 knots, followed closely by a fleet of tugs.

 

[AlaskaProf]

xxx

 

[AlaskaProf]

They appear to be marshaling a southbound convoy, but the first three vessels all seem to be specialized lifting ships. Not sure what that implies if anything.

 

[AlaskaProf]

Emptying the Great Bitter Lake:

 

[kernr]

Evergreen

All -
Bottom Line - they need to stop drinking beer went transiting the Suez Canal.

 

[Yahoo 1]

2021 March 27 / 9:57 am

An Evergreen container was seen at a 45-degree angle blocking the Changchun-Shenzhen Expressway that connects the cities of Changchun, Jilin, China, and Shenzhen, Guangdong, on the Nanjing Fourth Bridge Section of the G2503 Nanjing Ring Expressway.
The information displayed on the traffic camera’s report shows G-2503, and K55 at the upper left corner indicates the distance - 55 km - on the section.

Evergreen stated to the China Times newspaper that “although both the container and the Ever Given ship proudly display the Evergreen name, the company is only responsible for sea freight, they do not operate a trailer business in Mainland China and are only responsible for transportation by sea.”

 

[BandB]

They'll have it repainted by tomorrow.

March, 1994. I flew into Laguardia two days after the Continental plane went off the runway there. The plane was still sitting with it's nose in Flushing Bay. However, it had been completely repainted to a neutral grey color with no indications of airline at all.

 

[SteveK]

2021 March 27 / 9:57 am

An Evergreen container was seen at a 45-degree angle blocking the Changchun-Shenzhen Expressway that connects the cities of Changchun, Jilin, China, and Shenzhen, Guangdong, on the Nanjing Fourth Bridge Section of the G2503 Nanjing Ring Expressway.
The information displayed on the traffic camera’s report shows G-2503, and K55 at the upper left corner indicates the distance - 55 km - on the section.

Evergreen stated to the China Times newspaper that “although both the container and the Ever Given ship proudly display the Evergreen name, the company is only responsible for sea freight, they do not operate a trailer business in Mainland China and are only responsible for transportation by sea.”

Now that is a coincidence, or is it?

 

[BruceK]

They'll have it repainted by tomorrow.

March, 1994. I flew into Laguardia two days after the Continental plane went off the runway there. The plane was still sitting with it's nose in Flushing Bay. However, it had been completely repainted to a neutral grey color with no indications of airline at all.

1. China Airlines (of Taiwan) painted out their name on the nose of the separated front section of their crashed 747 using spray cans.
2. It`s most unlikely the Taiwan shipping company Evergreen is operating a business of the same name in mainland China.

 

[DaveGibson]

My favorite place

Georgia is, hands down, my favorite place to boat on the entire eastern seaboard. Especially Savannah (Isle of Hope) and Brunswick.

Those ships are indeed monsters. I have a photo I took at a beach near the entrance of the Savannah River (if I remember right) and one of those ships blots out the horizon.

Thanks for jogging my memory.

 

[Easternshore]

I feel the captain’s pain. Wonder if the ship had Micro Commander units?

 

[Yahoo 1]

Now that is a coincidence, or is it?

Yes just coincidence. Funny.

 

[RT Firefly]

 

[Yahoo 1]

Sorry to hid-jack but still about WD-40 I guess you know the WD-40 Specialist Electrical Contact Cleaner Spray - Electronic & Electrical Equipment Cleaner.

“Blasts away oil, dirt, flux residue, dust, sand and condensation from sensitive electronics and electrical equipment with pinpoint precision. It dries quickly, leaves no residue and removes soil. It's ideal for use on printed circuit boards, controls, switches, precision instruments and electric panels, keyboard, autopilot remote control, VHF & cellphone loudspeakers”, etc... I love it.

 

[Caballero II]

Maybe the idea is too simple but wouldn't a couple of heavy lift helicopters make quick work of this? Move containers ashore or onto other ships.

Ummn, I don't think "quick work". How many tens of thousands of containers are on that thing. I couldn't believe it. If it had gotten down to heavy lift helicopters, there were going to be severe consequences, I'm thinking. I'm glad they got her off. Yes, all very interesting stuff. Love the logistics of these catastrophes.

 

[soin2la]

Ummn, I don't think "quick work". How many tens of thousands of containers are on that thing.

Well, it was reported to be 20,000 TEU, if you know what that is. So considerably less than 20,000 actual. "Tens of thousands." No.

It was a question and they were thinking of offloading to other ships by crane.

Just a thought; X containers plus an equal weight in ballast, she floats higher, no? The curvature of the hull raises out of the hole, no?
Apply the aforementioned WD 40 and Bob's your auntie.

 

[FF]

"it was reported to be 20,000 TEU, if you know what that is."


A TEU is the industry term for a single std container that is 20 ft long.

Each of the larger 40 ft containers would be 2 TEU each.

 

[soin2la]

"it was reported to be 20,000 TEU, if you know what that is."
A TEU is the industry term for a single std container that is 20 ft long.
Each of the larger 40 ft containers would be 2 TEU each.

I wasn't asking, as I knew what a Twenty foot Equivalent Unit meant and why I said "considerabbly less than 20,000."

The load would have been closer to 10 thousand than 20 and certainly not "tens of thousands" as stated above.

 

[Hippocampus]

Interesting discussion in the e NYT about how shipping changed in the 80’s which resulted in these huge container vessels. And how shifts in the production line is no longer favorable to this mode of business. This has little to do with maritime shipping but rather shifts in the business models effecting the s basic structures of globalization.

There’s another current thread about maritime recreational insurance. Have to believe an event like this will have impact on shipping insurance. My boat insurance doesn’t cover me when the boat is shipped. Was somewhat delighted how cheap shipping insurance was.

 

[Alaskan Sea-Duction]

General Average Declared

I had no idea this even existed.

https://gcaptain.com/shipowner-decl...139820873&mc_cid=7c72426771&mc_eid=5b70bcca05

 

[AlaskaProf]

I had no idea this even existed.

https://gcaptain.com/shipowner-decl...139820873&mc_cid=7c72426771&mc_eid=5b70bcca05

Talk about adding insult to injury!

 

[BruceK]

Another form of indemnity used by ship operators is a "P & I Club". Wikipedia explains it:
https://en.wikipedia.org/wiki/Protection_and_indemnity_insurance

 

[Alaskan Sea-Duction]

I would have been upset if my 80ft yacht was on that boat.....

 

[BandB]

Retailers who have goods on that boat are not expecting them ever and have made other moves. They have also filed claims with their insurers. Even if the goods are eventually received they'll be of no value, both outdated and damaged from the conditions.

Unfortunately, I've been through similar "lost goods." We actually reported to customs that we'd been told there were drugs on a shipment and requested they do a thorough check. They notified us that none were found and the container was on their lot in a specific location ready for us to pick it up. We notified our carrier and they went and then reported it missing. Of course, customs knew nothing so we filed an insurance claim. Three years later we get notified that all our goods are not in a storage unit on Customs Canaveral location and we have one week to pick them up or be charged storage. I sent two guys there and they rented a truck and loaded them all. We then washed them and donated them all to charity. We did find at that point that three persons had reached a plea agreement and pled guilty on other cases so charges on ours dropped, all without us ever knowing.

No one is holding their breath waiting for the goods on Ever Given. Insurers will battle for a number of years.

 

[SteveK]

B&B That explains everything. The shippers get their insurance payout, the Ever Given gets to keep the cargo as salvage and sells it wholesale to pay deductible. Their insurance pays over the deductible. Everyone wins!

And we wonder why insurance keeps going up for the rest of us that do no harm.

 

[BandB]

B&B That explains everything. The shippers get their insurance payout, the Ever Given gets to keep the cargo as salvage and sells it wholesale to pay deductible. Their insurance pays over the deductible. Everyone wins!

And we wonder why insurance keeps going up for the rest of us that do no harm.

No, Ever Given doesn't get to keep the cargo or sell it. They do return it but far too late to be of any use. It's worth no more than 10 cents on the dollar by that time.

The cargo owners and their insurers may be required to contribute to salvage costs with liability apportioned on the basis of assets under the General Average rules. Now, can they walk away and not contribute? Yes, but that does not mean they don't have responsibility and that they can't be sued. Legally, they are obligation whether they want their goods or not.

A situation like this can drag out in courts for decades. And, why is insurance so high. In this case, a good example, as the legal fees paid by various insurers will be very high.

It's easy to read the financials of health insurers and quickly know what their SG&A expenses are vs. what they pay on claims. However, major insurers like AIG, for instance, are as much in the investment side as the premium side. Last year $29 billion of revenues from insured and $14 billion from investments but then they had $11 billion in losses, capital and other, from the divestiture of Fortitude and others. They paid about $28 billion to their insured either as claims or interest so seems reasonable on the surface, but over $8 billion in operating expenses. They had pre-tax losses of over $7 billion but it didn't come from claims paid, it claim from their investing. Insurers always are quick to cite heavy claims paid, but not so quick to cite their poor investments.