FILE - In this Aug. 6, 2015 file photo, an army zodiac secures the entrance of the new section of the Suez Canal in Ismailia, Egypt. (AP Photo/Amr Nabil, File)
A bulk carrier vessel became wedged Thursday in Egypt’s Suez Canal, briefly blocking traffic in one lane of crucial global waterway, Egyptian authorities said.
The Suez Canal Authority said in a statement that the Panama-flagged Coral Crystal ran aground in a double-lane stretch of the canal, forcing the officials to redirect other vessels in the convoy to the other lane.
It said the canal’s tugboats managed to float the south-bound vessel, which carries cargo weighing 43,000 tons. The Coral Crystal then resumed its voyage, the canal said.
Officials have not said what caused the vessel to run aground.
The ship was built in 2012 with a length of nearly 225 meters (738 feet) and a width of over 32 meters (104 feet). It was en route to Port Sudan on the Red Sea, according to Traffic Marine, a vessel tracking firm.
Thursday’s incident came less than six months after the massive Panama-flagged Ever Given ran aground in the single-lane stretch of the canal. The hulking vessel blocked the canal for six days before being released in a massive salvage effort by a flotilla of tugboats.
The blockage earlier this year disrupted global shipment. About 10% of world trade flows through the canal, a pivotal source of foreign currency to Egypt. Some 19,000 vessels passed through the canal last year, according to official figures.
Andela is revolutionizing global work for a sustainable future. Their impact includes diverse skills, income growth, & successful hiring in untapped locations.
With Gamestop and other meme stocks back on the rise, it brings to mind some similarities between 2021 and 2024 economically… and that’s not necessarily good.
After 10 years as a men's wear brand, the popular athleisure brand recently launched its women's line, redefining standards and championing inclusivity.
According to the 2024 Acorns Money Matters Report, nearly a quarter of Americans are worried they could become homeless – and don’t know how easy it is to save.
Even with inflation slightly higher than the Federal Reserve's 2% goal, still expect the central bank to cut rates three times this year, Cetera's CIO says.