Global Economic Dimension of the blocked Suez Canal
Global Economic Dimension of the blocked Suez Canal

Global Economic Dimension of the blocked Suez Canal

A cargo ship jammed along the Suez Canal and blocking traffic on its vital waterway was spotted Saturday. The ship can carry up to 20,000 containers.

The giant cargo ship, currently blocking the Suez Canal and holding billions of dollars worth of shipping every day, is not the first time that something has closed the connection between the Mediterranean and the Red Sea.

The Japanese-owned 400-meter-long MV Ever Given has been stuck in a single-lane section of the famous canal, one of the busiest shipping routes in the world since Tuesday. And although every effort was made to clear the way, more than 300 ships were still waiting to pass as the problem persisted on Saturday.

The channel had seen such problems before in its long history. Sometimes it was closing for hours, days, weeks, or, in a case, for eight years.

In 1937, the ship Viceroy of India, bound for England, ran aground. And it caused arrests for 700 passengers and the ships behind him.

On April 11, the Associated Press from Cairo stopped “all shipments” for a while the day traffic returned to normal.

Aerial view taken from the porthole of a commercial aircraft. It shows ships stranded in the Red Sea. MV Ever Given container ship – 400 meters long and 59 meters wide. He stayed sideways in Egypt’s Suez Canal on Saturday.

The report said, “After a part of the cargo was unloaded, it was floated again”.

A British freighter, Lord Church, ran aground in September 1953, The Associated Press reported. A year later, a 10,000-ton tanker named World Peace crashed into a railway bridge, causing another traffic link.

According to the New York Times, World Peace, owned by a Greek company run by the brother-in-law of Aristotle Onassis, managed to shut down the channel “more effectively than Axis bombs in the Second World War”.

More than 200 ships were forced to anchor as the problem was resolved three days later, Reuters reported. A year later, Egypt launched a brief war, when President Gamal Abdul Nasser nationalized the canal that had hitherto been controlled by British and French interests.

Global Economic Dimension of the blocked Suez Canal
Global Economic Dimension of the blocked Suez Canal

Britain, France and Israel attacked Egypt in the autumn. As is known, the Suez Crisis lasted a little longer than a week. He helped convene Canada’s future prime minister, Lester Pearson, in November. He was later suppressed by the United Nations peacekeeping force, for which he won the Nobel Peace Prize.

(Suez Canal Authority / The Associated Press)

The head of the Suez Canal Authority, Lieutenant General Ossama Rabei, investigates the situation after Ever Given gets stuck in the canal.

According to a report published in the Toronto Star, the crisis “in which the first convoy crossing the Suez Canal in five months was cleared from Port Said and crossed into the Mediterranean in a deafening whistling salvo”, the crisis closed the channel until 30 March.

Five months later, in August, a 9,000-ton tanker named Barbaros ran aground, according to The Associated Press. He damaged his rudder and stopped traffic for about a day.

(The Associated Press)

Egyptian leader Gamal Abdul Nasser waves as he passes through Port Said, Egypt during a ceremony in which Egypt formally took over control of the Suez Canal from Britain on June 18, 1956.

Ten years later, with the outbreak of the 1967 Arab-Israeli war – also known as the Six-Day War. Egypt closed the Suez Canal to international shipping traffic. More than a dozen cargo ships were stranded in the middle of the canal route for eight years.

The ships stranded on Great Bitter Lake were stranded in Great Bitter Lake, journalist Arnold Bruner removed from the scene for CBC News in late 1973: “skeleton crews that paid owners long ago and were hired by insurance companies that one day hoped to recover some of their losses. was led by “.

At this point, Bruner said there were ships and unrecoverable cargo that the team called the “Yellow Fleet”. Including the rotten cotton shown in the images on his report.

(CBC News/CBC Archives)

A group of cargo ships are seen anchoring in the Suez Canal in late 1973. The channel was closed to international shipping for eight years after the 1967 Arab-Israeli war.

“If peace comes to the Middle East and the Suez Canal eventually opens, these ships may finally go home,” Bruner said.

“When will this happen? The men of the rusting Acı Göl fleet have been asking themselves for six and a half years, and the answer is as far away as ever.” The channel was reopened on June 5, 1975, with a ceremony attended by Egyptian President Enver Sadat.

Toronto Star said that the next day, Sadat said he hoped the channel would become “a welfare channel for the world” again. The same report reported that a commercial convoy of ships from Kuwait, Greece, the Soviet Union, China and Yugoslavia began to cross the canal two hours after the ceremony.

Other more recent delays include another grounding in 2016 and a multi-ship collision in 2018, according to Bloomberg News.

June 5, 1975. (Bettmann/Getty Images)

Egyptian President Enver Sedat attended the reopening of the canal on June 5, 1975, wearing black goggles and a naval uniform.

With files from The Associated Press and Reuters

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