Suez Canal Megaship “Partially Refloated” Ahead Of US Navy Assessment, by Tyler Durden

Here’s a comprehensive, up-to-date account of the ship that’s blocking the Suez Canal. From Tyler Durden at zerohedge.com:

Here’s today’s overview of the continued logjam at the Suez Canal:

• Ever Given Partially Refloated At Stern
• At Least 20 Vessels Carrying Livestock Stuck At Canal
• IKEA Warns Containers Filled With Goods Blocked By Suez Crisis
• Vessels Already Diverting Course from Suez Canal To Cape Of Good Hope
• US Navy Arrives Saturday To Assess Ever Given
• 300 Vessels Waiting To Traverse Canal
• Tanker Rates For Suezmax Vessels climb to $17k Per Day
• Suez Blockage Results In Rising Container Prices From China To Europe
• Tugboats And Dredging Ships Were Unsuccessful In Refloating Ever Given
• Bloomberg Report Process To Refloat Ever Given Could Take Until Next Wednesday
• Shoei Kisen, The Japanese Owner Of Ever Given, Aims To Dislodge Vessel From Canal Bank By Saturday
• Suez Canal Authority (SCA) To Cooperate With US To Refloat Ever Given

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Update (1654): So just how stuck is Ever Given?

The Suez Canal’s engineering documents show a cross-sectional diagram of the channel where the container ship is stuck.

An overlay of the container ship and the channel’s cross-sectional piece suggests the vessel is more stuck than what meets the eye via ground-based footage and satellite imagery.

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