Tag: Suez Canal

2 Tugboats Speed to Egypt’s Suez Canal as Shippers Avoid It

SUEZ, Egypt—Two additional tugboats sped Sunday to Egypt’s Suez Canal to aid efforts to free a skyscraper-sized container ship wedged for days across the crucial waterway, even as major shippers increasingly divert their boats out of fear the vessel may take even longer to free. The massive Ever Given, a Panama-flagged, Japanese-owned ship that carries…


Ship Blocking Suez Canal Moves Slightly, Unclear When It Will Refloat

SUEZ, Egypt—Efforts to dislodge a giant container ship blocking the Suez Canal have allowed its stern and rudder to move, but it remains unclear when the vessel will be refloated, the head of the canal authority said on Saturday. The 400 metre (430 yard) long Ever Given became wedged diagonally across a southern section of the canal…


Plan Made to Refloat Ship Blocking Suez Canal Using Tide

SUEZ, Egypt—The company that owns the giant container ship stuck sideways across the Suez Canal said an attempt will be made to refloat the vessel by taking advantage of tidal movements later Saturday. The Ever Given, owned by Japanese firm Shoei Kisen KK, got wedged Tuesday in a single-lane stretch of the canal, about 6…


NTD Business Full Broadcast (Mar. 26)

Ever hear people joke about a tax on breathing? Silly right? How about a tax on moving? The White House floats a mileage tax. The ship in the Suez Canal is still stuck, and it’s driving up oil prices and shipping costs. How much is it costing global trade? Argentina says its going to default…


Suez Canal: Enormous ‘Beached Whale’ Ship Could Remain Stuck for Weeks

The skyscraper-sized cargo ship blocking Egypt’s Suez Canal like a “beached whale” may remain stuck for weeks as salvage teams work to free the vessel. Officials blocked ships from entering the waterway after the MV Ever Given, a Panama-flagged ship that carries cargo between Asia and Europe, ran aground on Tuesday in the narrow, man-made…


NTD Business Full Broadcast (Mar. 25)

NTD talks to Congressman Warren Davidson about the country’s loose spending, and if the Federal Reserve’s digital dollar is a threat to civil liberties. Day 3 of the Suez Canal being blocked. And it could stay that way for weeks. How would that impact global trade? Several retail brands are under attack in China. Some…


Massive Cargo Ship Becomes Wedged, Blocks Egypt’s Suez Canal

DUBAI, United Arab Emirates—A skyscraper-sized container ship has become wedged across Egypt’s Suez Canal and blocked all traffic in the vital waterway, officials said Wednesday, threatening to disrupt a global shipping system already strained by the coronavirus pandemic. The MV Ever Given, a Panama-flagged ship that carries cargo between Asia and Europe, ran aground Tuesday…