This is an insane story. Billions of dollars go through that canal on a hourly basis.... now at a complete stop.
Worldwide impacts.
No not every hour.
It's like $1B a day.
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This is an insane story. Billions of dollars go through that canal on a hourly basis.... now at a complete stop.
Worldwide impacts.
Doesn't seem to be affecting commodity prices too much. How long until $6 corn?
Sounds like he has toilet paper stock!I don't think that many commodities go through there do they? Lots of petroleum products and consumer goods. On the radio they said that many of those containers are filled with toilet paper. The radio guys were claiming it may lead to temporary shortages to the area it was being delivered to. No idea if that story is true or not.
I had heard somewhere that it was a really bad sandstorm or something? Maybe that's not true?
Yeah he should probably stick to his day job as that's not a bulldozer.
Any sandstorm is by definition going to have very strong winds so it may just be a matter of semantics. It’s crazy to think winds could cause it to get lodged like that, but when you consider the ship is as long as the Empire State Building is tall, and the way they stack those containers high on the ship, it’s basically like a giant billboard trying to maintain position while floating in water.
Just so everyone knows.....winds did not lodge that ship. If that is the "news" you are getting, consider alternative news sources.
The huge vessel got stuck in the canal sideways, with its bow wedged in one bank and its stern nearly touching the other, on Tuesday during a dust storm when wind speeds reached 40 knots, according to a person familiar with the incident.
The Ever Given, a 220,000-ton mega ship nearly a quarter-mile long with a 20,000 container capacity, ran aground after being blown by strong winds while entering Egypt’s Suez Canal from the Red Sea.
Dozens of vessels are stuck, waiting for rescue boats to free the 400m-long (1,312ft) ship, which was knocked off course by strong winds.