Grounding of Hong Kong Bulk Carrier Xin Hai Tong 23 in Suez Canal Causes $400m in Trade Delays
The ship Xin Hai Tong 23, a 189m-long bulk carrier that was built in 2010 and sailing under the flag of Hong Kong, had been stuck in the Suez Canal, one of the world's busiest shipping routes.
The canal runs between Port Said and Suez, and at its narrowest point it is only 200m wide.
In January, a container ship loaded with corn from Ukraine ran aground in the canal, while in August last year, an oil tanker also ran aground in the same stretch of the canal, causing a five-hour blockage.
In February, British troops were reportedly taking part in military drills near Tapa, Estonia, and in February, a businessman was said to be positioning himself as a credible alternative to Vladimir Putin.
In February, personnel were carrying out searches at Barragem do Arade reservoir in Portugal as part of the investigation into the disappearance of Madeleine McCann.
The stranded container vessel was estimated to be holding up $400m an hour in trade, and the shipping industry was already under pressure from COVID-19-related supply chain problems.
In January, a container ship loaded with corn from Ukraine ran aground in the canal, while in August last year, an oil tanker also ran aground in the same stretch of the canal, causing a five-hour blockage.
In February, British troops were reportedly taking part in military drills near Tapa, Estonia, and in February, a businessman was said to be positioning himself as a credible alternative to Vladimir Putin.
In February, personnel were carrying out searches at Barragem do Arade reservoir in Portugal as part of the investigation into the disappearance of Madeleine McCann.
The stranded container vessel was estimated to be holding up $400m an hour in trade, and the shipping industry was already under pressure from COVID-19-related supply chain problems.
