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?
Probably the actual cost will require an army of accountants and lawyers at a dozen major logistics corporations arguing with each other for months to even try to compute. I doubt us regular uninvolved people will ever get a "real" number. How do you even try to calculate and reveal the cost associated with say a manufacturer in the middle of a supply chain deciding to source their parts from a different vendor for t…
Suez Canal says traffic in channel resumes after stranded ship refloated
381–390 of 593 posts
Re: Suez Canal says traffic in channel resumes after stranded ship refloated
#382Earlier quoted context omitted.
High tide did more than anything. If it had gone beyond Wednesday they likely would have been screwed as the high tide was set to start dropping each day after Tuesday. Good thing they started dredging right away.
You say that like they just got unexpectedly lucky, but all mariners are well aware of and take tides into account in their planning.
Re: Suez Canal says traffic in channel resumes after stranded ship refloated
#383The major threads appear to be: Giant Ship Is Moved To and Fro to Break Suction: Suez Update - https://news.ycombinator.com/item?id=26617430 - March 2021 (229 comments) Ever Given Everywhere - https://news.ycombinator.com/item?id=26617081 - March 2021 (63 comments) Ever Given Ships Erratic Route into Suez Canal - https://news.ycombinator.com/item?id=26603778 - March 2021 (37 comments) Ever Given Container Ship Fan Fi…
Re: Suez Canal says traffic in channel resumes after stranded ship refloated
#384Oh hey, they fixed it, - without destroying or imposing significant additional damage to any of the cargo - without destroying or imposing significant additional damage to the ship - without taking multiple weeks - without needing to ship a trillion dollars'+ worth of equipment halfway around the world It's refreshing to see high-end engineering performed so competently.
Why wouldn't it be more cost-effective or unreasonable to destroy the ship?
Re: Suez Canal says traffic in channel resumes after stranded ship refloated
#385Earlier quoted context omitted.
High tide did more than anything. If it had gone beyond Wednesday they likely would have been screwed as the high tide was set to start dropping each day after Tuesday. Good thing they started dredging right away.
You say that like they just got unexpectedly lucky, but all mariners are well aware of and take tides into account in their planning.
You do realize the canal operates during all tides?
So yes, it was absolute luck this accident happed right before the highest tides of the month.
Re: Suez Canal says traffic in channel resumes after stranded ship refloated
#386I had thought it would take most of today to make sure the channel was clear for the deepest draught vessels. The dredge crews must have done a good job keeping their discharge out of the main channel.
Vesselfinder.com is a hoot to follow for this kind of disaster.
Re: Suez Canal says traffic in channel resumes after stranded ship refloated
#387What a surprise it didn’t need nuclear ordinance or building giant elaborate dams or millions of helicopters.
That aside, the idea of raising the water was valid and was ( luckily) available though nature. It wasn't mentioned before it appeared here. See: High tides.
And cofferdams could have been used when the situation was much worse. But the logistics of organizing it would have been painful ( https://news.ycombinator.com/item?id=26587692 )
Which is what followed when bringing up: "temporal dams" surrounding the ship. Which is obviously very different than "building giant elaborate dams".
But ofc, not everyone actually reads the things that are said and some just interpret their own prejudice. Degrading the whole discussion.
Re: Suez Canal says traffic in channel resumes after stranded ship refloated
#388Oh hey, they fixed it, - without destroying or imposing significant additional damage to any of the cargo - without destroying or imposing significant additional damage to the ship - without taking multiple weeks - without needing to ship a trillion dollars'+ worth of equipment halfway around the world It's refreshing to see high-end engineering performed so competently.
There appears to be little "high-end engineering." Just a high tide and a bunch of tug boats.
Re: Suez Canal says traffic in channel resumes after stranded ship refloated
#389Earlier quoted context omitted.
This makes me question that shouldn't we have another canal built? Like if so much of the world's economy depends on this route shouldn't we build an extra canal to speed up the transportation and also act as a redundancy
It's a lot further to dig, but the next best thing would be to dig from the Persian gulf through Iraq, Syria and probably Lebanon. Not forgetting half the Persian Gulf is Iran. It's not exactly the most stable geopolitical area.
Re: Suez Canal says traffic in channel resumes after stranded ship refloated
#390Earlier quoted context omitted.
The canal revenues were down about $15m/day. If it really cost $7b a day, then Egypt is massively undercharging.
Someone else in one of these canal threads said that Egypt charges slightly less than it would cost to sail around Africa. If that's true, that Egypt is probably capturing around as much value as is possible from the canal.