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Suez Canal blocked by container ship 36

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There is a reason Egypt wanted the black boxes before the rest of the world got to hear them.

Think of the insurance arrangements. The containers are insured by the individual snipping agents. Many insurance companies will share the burden of the cost. The next major expense is the hull of the ship. That isn't worth $100 million let alone 600 or 900 million. It's likely the ship has been written off at this point. All Egypt is doing is increasing the insurance rates to transit the canal. I feel this is going to have a very negative impact on Europe as their commodity prices are going to rise as a result. Egypt is only hurting themselves at this moment.
 
It looks good on that tin pot dictatorship...

Rather than think climate change and the corona virus as science, think of it as the wrath of God. Feel any better?

-Dik
 
Yep but it's a cultural thing that they won't see it like that

There will be alot of people extremely pleased that transport from the far East will be getting more expensive.
 
A bit of an engineering one also... I had no idea that the proximity of the bank had that effect on a boat... due to Bernoulli.

Rather than think climate change and the corona virus as science, think of it as the wrath of God. Feel any better?

-Dik
 
I understand why... just never thought about it...

Rather than think climate change and the corona virus as science, think of it as the wrath of God. Feel any better?

-Dik
 
If you think about it, it's not much of a surprise. It's sort of a first cousin to ground effect in aircraft.
 
Thanks li... didn't know that either... but, makes sense.

Rather than think climate change and the corona virus as science, think of it as the wrath of God. Feel any better?

-Dik
 
New court date of 20th June...

I like the last one "“We first estimated the value of the ship’s cargo at $3 billion. Our share of that value was established at $912 million for the above mentioned costs. When the shipowners got back to us saying the value of the cargo was $750 million, we lowered our demand,” said Mr. Sheisha."
So an average of $70,000 per 40ft container sounds about right.

They start at $900M based on $3Bn

Now it's "only" $750 million they still want $700 million??



Remember - More details = better answers
Also: If you get a response it's polite to respond to it.
 
...sounds more and more like a tin pot dictatorship...

Rather than think climate change and the corona virus as science, think of it as the wrath of God. Feel any better?

-Dik
 
I wonder if the insurance companies have considered offering the judge a lucrative pension and safe haven in the country of his choice.
That may be the only way to win in an Egyptian court.
The judge may not have a great future in Egypt if he makes a fair and reasonable finding.

Bill
--------------------
Ohm's law
Not just a good idea;
It's the LAW!
 
Wonder what state alot of the cargo is now after a few months getting baked in a container.
 
The final word:

Nobody likes a week-long blockage in their canal.

"Everyone is entitled to their own opinions, but they are not entitled to their own facts."
 
It seems shipping companies could care less about getting the containers to customers. We towed this one in a month ago after an uncontained engine room fire and now here it sits in a friendly port and not a single container has moved. There is no repair activity happening, either.

PXL_20210611_192625253_bhayu7.jpg
 
If ever there was a subject more suited to the Pub I've not seen it and it really should be moved there as it is better than the political fire fight going on in there at the moment.

Does beer really "go off " in the heat stuck in the bitter lakes? No idea but glad I'm not waiting for anything on that boat. I think it will still be there at Christmas....

Remember - More details = better answers
Also: If you get a response it's polite to respond to it.
 
The outside ones probably 50-60 C max, air in and out will also be fairly humid.

The others more like ambient air which at this time of year is about 35C.

It's the reefers which should hold temperature, but goods will be time limited. No idea how much power they are consuming so at some point they will pull the plug I guess. Then there will be some smell after a while....

Remember - More details = better answers
Also: If you get a response it's polite to respond to it.
 
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