Huge Traffic Jam
Suez Canal is blocked by the "Ever Given" causing a Huge Traffic Jam and Supply Chain Disruptions.
Egyptian authorities Wednesday were engaged in a complicated effort to dislodge a giant container ship stuck in the Suez Canal, blocking all traffic on one of the world’s busiest shipping arteries.
The incident involving the Ever Given, which at 400-meters (1,312 feet) is one of the world’s biggest ocean vessels, had immediate consequences—and with maritime executives not expecting ship transits to resume Wednesday—risks ongoing disruption.
Ship trackers and brokers said more than 100 ships were waiting to transit the 120-mile canal, which connects the Red Sea with the Mediterranean. Even if the blockage is cleared quickly, shipping executives expect the fallout from the incident to last for days, threatening a new pressure point in a global supply chain already under intense strain.
The Ever Given can carry more than 20,000 containers and is taller than the Empire State Building if turned upright.
“There are ships ahead and behind us as far as you can see,” said Manolis Kritikos, a mechanic at a Greek-operated tanker.
The ship got stuck attempting to navigate the canal in extremely high winds.
“Piloting ships such as this in wind conditions outside accepted operating parameters is a recipe for disaster,” said Gregory Tylawsky, a ship captain with the Maritime Expert Group based in Santa Rosa, Calif.
Supply Chain Disruptions Mount
- Car and computer makers are straining from a global chip shortage, exacerbated by a fire in a big chip-making factory in Japan last week.
- Car makers have closed plants after a Texas cold snap earlier last month hit plastics production
- California ports have been hit by backlogs and delays.