Suez Canal traffic pre & post the Ever Given incident
This visual, created by our Data Team using #marinetraffic AIS data, shows all traffic in the area from 17 March until earlier this morning, highlighting the slow down following the Ever Given incident.
Blockage may cost trade between $6 to $10B per week.
Oil rose 3% with tankers diverting around Africa from the Atlantic.
Impact will hit European manufacturing and car part suppliers.
SMIT announced that a crane will arrive this weekend to start removing containers. Modern container cranes can move about 1 box a minute. This will be much slower on a ship that carry nearly 20,000.
The figure is based off an assessment by Lloyd’s List that suggests westbound traffic is worth around $5.1 billion a day and eastbound traffic approximately $4.5 billion.
1/This @thedailybeast story does not capture the complete picture of the events unfolding on the vessels operated by @MSCSealift. These ships provide needed fuel & support to naval combatants.
MSC ships represent 1/5th of the active @USNavy fleet...
2/They have a divided command chain between @US_TRANSCOM & @USFleetForces. The Navy doesn't like the #sealift mission & want to divest itself of the transport ships but keep the underway replenishment ships like #USNSAmeliaEarhart. The problem is they don't have enough sailors.
3/Since 1972, the Navy has operated UNREP ships with merchant marine crews. Since 2010, all Navy auxiliaries have mariners on-board, although some serve under master mariners & others under line naval officers - referred to as hybrid manning.