Skip to main content

Container Ship Partially Freed in Suez Canal

1_Ever Given in Suez Canal

The Ever Given, the 1,312-foot container ship blocking Egypt’s Suez Canal and causing a global bottleneck in shipping, is free at the stern after almost a week blocking the crucial shipping passage, CNN reports.

2_Ever Given in Suez Canal

Though the Dutch company working to refloat the ship has freed the stern, the bow is still mired in the bottom. Officials are pinning their hopes on this morning’s high tide, which could refloat the entire ship.

An estimated 400 vessels are awaiting removal of the Ever Given to gain passage through the canal; the shipping delay has cost as much as $10 billion daily in lost trade.

3_Ever Given

The ship is operated by Taiwanese transport company Evergreen Marine and is one of the world's largest container vessels. Strong winds reportedly caused the ship, which is carrying about 18,000 shipping containers, to run aground on March 23, causing massive global shipping delays. 

Related

Teaser-Graphic-6-29-22_2

2022 Women in the Industry Summit, Leadership Panel, Awards Ceremony & Reception

MONDAY, SEPTEMBER 26, 2022, MARRIOTT TAMPA WATER STREET, TAMPA, FL

DealerOutlook

Seabins Coming to Lake Erie

The devices, deployed as part of a pilot program, skim and collect debris from the water, including microplastics. Meanwhile, MBIA announces scholarship funds.

1_BOATSETTER

Boatsetter Reports Uptick in Rentals

The on-water experience company has seen triple-digit growth in pontoon and party-boat rentals, as well as fishing and yacht charters.

1_SMARTGYRO

Smartgyro Signs Distributors, Hires Sales Manager

The company said the three U.S. distributors, working with Bob Walker, will help expand its dealer network and brand recognition.

1_YEARGIN

The Upside of a Downturn

Economic challenges should push you to develop a strategy that helps you weather the storm and come out stronger on the other side.

1_TRAVELIFT.COOP

Marine Travelift Launches Co-op Program

The company received its first student, a University of Wisconsin engineering major, in the seven-month paid co-op.

1_JULY4

Trade Only Today Returns Tuesday

The e-newsletter will not publish July 4 in observance of Independence Day. We wish everyone a safe holiday weekend.

1_ORR.FUNDS

ORR Announces Federally Funded Projects

The U.S. Economic Development Administration prioritized outdoor recreation for the first time