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Suez Canal says traffic in channel resumes after stranded ship refloated

reuters.com

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Re: Suez Canal says traffic in channel resumes after stranded ship refloated

#191

Post by tyingq »

JosephRedfern wrote: post #62

Lots of articles quote a $XXX billion dollars per day figure, but those numbers are normally for "worth of goods delayed" which, while interesting, doesn't tell the story to me. Are there any estimates as to the actual cost of this "mishap", due to e.g. spoilage, financial/contractual repercussions of late deliveries, personnel/fuel costs?

Still not what you're asking for, but the analysis here looks like it's done by people who understand this sort of thing: https://lloydslist.maritimeintelligence.informa.com/LL113622...

Re: Suez Canal says traffic in channel resumes after stranded ship refloated

#192

Post by [deleted] »

stcredzero wrote: post #178
JosephRedfern wrote: post #62

Lots of articles quote a $XXX billion dollars per day figure, but those numbers are normally for "worth of goods delayed" which, while interesting, doesn't tell the story to me. Are there any estimates as to the actual cost of this "mishap", due to e.g. spoilage, financial/contractual repercussions of late deliveries, personnel/fuel costs?

those numbers are normally for "worth of goods delayed" which, while interesting, doesn't tell the story to me Is it just me, but hasn't the mainstream financial news over the years taken on the feel of reality television? The talking heads are usually pushing some sort of narrative . Occasionally, reality overwhelms their ability to spin things, and they have to readjust and do damage control, as sometimes happens t…

[deleted]

Re: Suez Canal says traffic in channel resumes after stranded ship refloated

#193

Post by ramblerman »

JosephRedfern wrote: post #62

Lots of articles quote a $XXX billion dollars per day figure, but those numbers are normally for "worth of goods delayed" which, while interesting, doesn't tell the story to me. Are there any estimates as to the actual cost of this "mishap", due to e.g. spoilage, financial/contractual repercussions of late deliveries, personnel/fuel costs?

What does such a number mean without context?

Imagine a toy example: 2 bakers in a street. John and Jill. John has a heart attack and his bakery is closed for the week.

- John gets nothing that week, from his perspective you could say he lost a week of sales

- The people in the street lose Johns cakes that week, but most are ok with going to Jill, as they are close enough. 50% go to jill, and the other 50 decide to save the money.

- Jill gains 50% of johns customers for the week.

How would would you even assess the "global damage" in such an example for 1 street. Let alone the global economy.

The money is there to drive things, pulling it out from one perspective is like looking at one weight in a neural network.

Re: Suez Canal says traffic in channel resumes after stranded ship refloated

#194

Post by loginatnine »

politelemon wrote: post #32
cyberlab wrote: post #12

Looks like https://istheshipstillstuck.com/ has updated their message!

And you get Rickrolled if you stay on the page long enough.

I got solidly caught as well. If you're lucky enough, you can also get https://www.youtube.com/watch?v=jPCJIB1f7jk.

  Object(c.useEffect)((function() {
    var e = "https://www.youtube.com/watch?v=dQw4w9WgXcQ";
    Math.random() > .999 && (e = "https://www.youtube.com/watch?v=jPCJIB1f7jk"),
    setTimeout((function() {
      return window.location.href = e
      }
    ), 9e4)
  }

Re: Suez Canal says traffic in channel resumes after stranded ship refloated

#195

Post by ravi-delia »

IgorPartola wrote: post #130
turing_complete wrote: post #117

Good thing hacker news doesn't run large civil engineering projects.

You know, I used to think that HN was a collection of some of the smartest people on the Internet. Don’t get me wrong, there are some incredible people here. But I guess what I have learned over the past 10 years is that HN has as many blind spots as any other online forum. If you want SV advice, this is the place to be. If you want to dislodge a stuck mega ship, look elsewhere.

As correct as that is, I don't think anyone was actually thinking those were good ideas. There's something really innocently funny about this episode of history, and honestly it's fun to just think about what-ifs. Could you build surge walls all the way along and use some kind of dam? Combine all the power of every helicopter to lift the whole thing? Big ships are fun, unwieldy objects getting stuck are fun, sometimes it's just fun to mess around.

Re: Suez Canal says traffic in channel resumes after stranded ship refloated

#196

Post by PeterisP »

signal11 wrote: post #167
JosephRedfern wrote: post #62

Lots of articles quote a $XXX billion dollars per day figure, but those numbers are normally for "worth of goods delayed" which, while interesting, doesn't tell the story to me. Are there any estimates as to the actual cost of this "mishap", due to e.g. spoilage, financial/contractual repercussions of late deliveries, personnel/fuel costs?

I'd start by computing the number of ships that went around the Southern tip of Africa as a result of the stuck ship. I wonder how much the cost of extra fuel and food/pay for all of those ships doing additional miles will be? And the resulting increase in wholesale/retail costs? Regarding penalties re late delivery, I'm less worried about that. Cargo ships always have language about loss and force majeure. I think a…

I believe that we can simply look at the channel fees lost due to the downtime - as far as I understand, the fee for using the channel is intentionally close to "the cost of extra fuel and food/pay for all of those ships doing additional miles", a bit lower but not much lower than the alternative of going around Africa.

Re: Suez Canal says traffic in channel resumes after stranded ship refloated

#197

Post by ceejayoz »

jasperry wrote: post #115
cwhiz wrote: post #103

That's too bad. Now the hysterical media will have to find something else to get worked up about.

I, for one, was thankful that we had something relatively non-polarizing in the news to discuss. "Stuck boat needs to get unstuck" is the kind of practical problem that people on both sides of the fence can agree on :)

My local newspaper's comments has people who think the boat's name is Evergreen, not Ever Given ("haha stupid media can't even get that right") and that it's a reference to Hillary Clinton's Secret Service code name and that Means Something™. (https://imgur.com/a/1CjsCsl)

Nothing's non-polarizing anymore.

Re: Suez Canal says traffic in channel resumes after stranded ship refloated

#198

Post by tarkin2 »

foxes wrote: post #86

What a surprise it didn’t need nuclear ordinance or building giant elaborate dams or millions of helicopters.

After all the crazy engineering ideas they used a load of tugboats when the tide was good? Not as sexy as a nuclear warhead though, eh.

I feel like there's something to be learnt about computer engineering. We naturally go towards ego-massaging solutions.

Re: Suez Canal says traffic in channel resumes after stranded ship refloated

#199

Post by macintux »

politelemon wrote: post #32
cyberlab wrote: post #12

Looks like https://istheshipstillstuck.com/ has updated their message!

And you get Rickrolled if you stay on the page long enough.

Thank you, I was wondering how I ended up with two Ricks singing at me this morning.

Re: Suez Canal says traffic in channel resumes after stranded ship refloated

#200

Post by mwgarcia »

ceejayoz wrote: post #154
JoeAltmaier wrote: post #132

Earlier quoted context omitted.

About the cargo part - it's entirely possible that some cargo is non-viable. It is going to be onboard days longer than predicted. Anything even faintly perishable may be degraded. But good news for sure!

It's already a trip halfway around the world at something like 30 km/h. If you're transporting goods that are that sensitive, you're likely doing it by air already. Ships get delayed all the time for various reasons.

The ship will still likely be anchored for hull inspection, perhaps in Bitter Lake. That may take a couple of days at best, and an indefinite stranding if serious problems are discovered.

Also crew change is likely because of on-going investigations, and that will be tricky with the on-going mariner crunch. There's not a lot who are qualified to run a ULCV, especially one straight out of an accident.

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