Ship Successfully Refloated After Suez Canal Blockage
The Hong Kong-flagged bulk carrier M/V Xin Hai Tong 23 became grounded in the Suez Canal due to an engine failure, but was successfully refloated with the help of tugboats. The incident caused a delay in the convoy of ships moving northwards. This comes after the 2021 stranding of the M/V Ever Given, which lasted for nearly a week and severely disrupted global trade.