5 ms·
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?
by grenoire 6y ago
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?
- WJW 6y agoThey hired a company specialized in this kind of stuff (Boskalis), but as their CEO mentioned of TV it depends on how stuck it is. If you're lucky, pumping out the fuel and ballast can make the ship light enough to drag it clear with tugboats. If that doesn't work, you might have to unload some, most or all of the 20k containers from the ship to make it light enough. It can be done, but depending on how much is required it'll take a few days to a week to get the required equipment all the way to Egypt.
- maxerickson 6y agoIf I estimated right, the fuel is a few percent of the total mass (maybe around 5%). Not the most encouraging result.
- userbinator 6y agoIf it was floating, raising it out of the water by 5% would not be insignificant, and help relieve some of the forces holding it in place.
- FranOntanaya 6y agoI wonder what's the margin for raising the center of gravity too much out of the water without risking it tipping, with all that cargo on top.
- dan-robertson 6y agoThe people who should be desperately trying to pay a lot of money to get the ship unstuck are maritime insurance underwriters. There is a lot of insurance against late delivery. Unless they have managed to figure out how this is an act of god, that is.
- OldHand2018 6y agoThat’s what they’re claiming - it was unexpectedly heavy winds in a sandstorm that caused it to ground. Also, they had two canal pilots on board. I’m pretty sure that this absolves the shipping company of responsibility for guiding the ship safely.
- fuzxi 6y agoSeems it's not always so cut-and-dry. https://news.ycombinator.com/item?id=26564849 https://news.ycombinator.com/item?id=26564849
- eternalban 6y agoEgypt 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 https://en.wikipedia.org/wiki/Suez_Canal_Authority#Revenues
- Aperocky 6y agoWow, costs $300K to transit through the canal per ship by fee alone? That is capital intensive. It's amazing that more ships are not simply sailing around Africa.
- maxerickson 6y agoTheir daily operating costs are a significant fraction of the $300,000 and it saves a couple weeks. (tens of thousands of dollars just for fuel each day)
- onlyrealcuzzo 6y agoI'd imagine it is riskier sailing all the way around Africa than through the Suez, right?
- tim333 6y agoIt's risky for small boats due to the huge waves down there. Huge cargo ships seem to manage ok.
- secfirstmd 6y agoNot really. Think of costs of fuel, costs of crew, I created insurance, slower delivery times.
- deleted 6y ago[deleted]
- decker 6y agoGiven that so many ships that are run by people who can afford $300k per trip, which could pay the annual salary for a team of analysts, it's amazing you're making this comment.