Well, let's go see what some maritime trade journals I know of say about the thing,
What the Suez Canal accident means to the tanker business
If blockage is short-lived, it won’t have major rate effects
Greg Miller, Senior Editor Wednesday, March 24, 2021
https://www.freightwaves.com/news/what- ... r-business
Quote:
When the ultra-large box ship Ever Given lodged itself sideways in the Suez Canal, blocking all traffic, containerized cargo shippers may have thought to themselves, “What else can go wrong? Let’s hope this ends quickly.” Tanker owners and investors probably thought something different: “Finally, something positive. Please let this ship be stuck for weeks.”
The Ever Given grounded during a sandstorm Tuesday morning. As of late Wednesday night, it was still stuck. But the blockage is expected to be short-lived, and assuming that’s the case, tanker rate effects should be minimal — for reasons that trace all the way back to the 1950s.
Suez Canal Traffic Snarled After Megamax Boxship Runs Aground
By Njiraini Muchira 03-24-2021 12:55:00
https://www.maritime-executive.com/arti ... ns-agroundQuote:
GAC added that the giant ship was fifth in the northbound convoy, ... Reuters reported that the ship “was suspected of being hit by a sudden strong wind, causing the hull to deviate from the waterway and accidentally hit the bottom and run aground." A spokesman for the Suez Canal Authority told the New York Times that a sudden sandstorm with restricted visibility and high winds caused an “inability to direct the ship."
Grounded Mega Ship in Suez Canal Paralyzes Trade for Second Day
Bloomberg
March 24, 2021
By Salma El Wardany, Mirette Magdy and Jack Wittels (Bloomberg)
https://gcaptain.com/grounded-mega-ship ... econd-day/Owner and Insurers of Ever Given Face Millions in Claims
Reuters
March 24, 2021
By Carolyn Cohn and Jonathan Saul
https://gcaptain.com/owner-and-insurers ... in-claims/
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"There are a thousand things that can happen when you go light a rocket engine, and only one of them is good."
Tom Mueller of SpaceX, in Air and Space, Jan. 2011