Earlier quoted context omitted.
No. The blockage is the problem; anything on that ship is basically irrelevant from an economical perspective. Especially when we're talking about weeks of downtime.
Who internalizes those costs though? Only the owner of the ship is allowed to harm it and the owner would like the cargo to remain undamaged. I suppose the many other entities which would like to use the canal could pay the owner enough to make damaging the ship and cargo economical? Egypt might be able to unilaterally decide to destroy the ship but I don't know how much benefit Egypt gets from keeping the canal open…
Is that ship still stuck?
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Re: Is that ship still stuck?
#932I don't think people are giving enough credit to how stuck the ship is. Look at some of the photos of the front of it. Look at how far out of the water it is sitting. The ship might look like that if it were totally empty, but not when it is full of containers like this. Some people saying: just drag it off of the sand. Okay! And what happens when that causes you to rip a hole into the hull of the ship? Now it's real…
Suez canal seems to be a Single Point of Failure.
Re: Is that ship still stuck?
#933Writing off the entire ship would cost far less than the delays cost in a day.
Re: Is that ship still stuck?
#934Earlier quoted context omitted.
Weeks are measured in what I'd call, a lot of money. Is it a consolidation of funds sort of issue? Anybody responsible for getting it fixed?
Egypt is bleeding money right now. It earned roughly USD 15,360,000.00/day from Suez passage fees in 2020. https://en.wikipedia.org/wiki/Suez_Canal_Authority#Revenues
Re: Is that ship still stuck?
#935I don't think people are giving enough credit to how stuck the ship is. Look at some of the photos of the front of it. Look at how far out of the water it is sitting. The ship might look like that if it were totally empty, but not when it is full of containers like this. Some people saying: just drag it off of the sand. Okay! And what happens when that causes you to rip a hole into the hull of the ship? Now it's real…
Love the armchair engineers who think they're gonna solve this better than billion dollar companies
Re: Is that ship still stuck?
#936Earlier quoted context omitted.
Crazy idea : Can we roll it into the water by pulling it over high strength rollers of some sort ? It would be pretty cool to use the same technique that was use to build the pyramids.
Sane answer: No. The ship is 400 metres / 0.25 of a mile long. With containers, it weighs anywhere up to 199 thousand tons. One does not simply attach a few hundred cables, put some rollers under it, and pull with all the tractors you can find in Egypt. Also, it's already in the water. It's just turned sideways and buried the bulb (by the looks) into the canal wall.
Re: Is that ship still stuck?
#937I don't think people are giving enough credit to how stuck the ship is. Look at some of the photos of the front of it. Look at how far out of the water it is sitting. The ship might look like that if it were totally empty, but not when it is full of containers like this. Some people saying: just drag it off of the sand. Okay! And what happens when that causes you to rip a hole into the hull of the ship? Now it's real…
Lloyd's List estimated that every day Suez is closed costs US$9 billion ($400 million per hour). If it could be done technically and open up the canal, it would be cheaper for insurance companies to buy the ship, it's cargo, buy all nearby property and then blow the whole ship up.
Re: Is that ship still stuck?
#938Earlier quoted context omitted.
> Look at some of the photos of the front of it. Look at how far out of the water it is sitting. The ship might look like that if it were totally empty, but not when it is full of containers like this. One thing many people are missing is the Suez Canal is not concrete, it’s sand, so the canal “walls” are not vertical they’re a relatively gentle 3:1 slope (4:1 in wider areas). Meaning only the center half of the cana…
There are locks on either end of the canal. I wonder if the water level can be raised a little to help?
https://www.tide-forecast.com/locations/Suez-Egypt/tides/lat...
Re: Is that ship still stuck?
#939Earlier quoted context omitted.
Or what?
...or 24h * 7d * 2w * 400 million = 134 billion USD. Sounds like a lot of money, if GP's right?