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Xin Hai Tong 23

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Ship Successfully Refloated After Suez Canal Blockage
business2 years ago

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.

Grounded Ship in Suez Canal Successfully Refloated
business2 years ago

Grounded Ship in Suez Canal Successfully Refloated

A large ship, Xin Hai Tong 23, was briefly stranded in the Suez Canal due to an engine malfunction, but was successfully refloated by tugboats. The incident disrupted at least two convoys of ships, but shipping activity on both directions is expected to return to normal soon. The Suez Canal is one of the world's busiest shipping lanes, with approximately 12% of the world's trade moving through it. The incident has revived concerns about a disruption to global trade, especially after the six-day blockage caused by the Ever Given in March 2021.

Grounded vessel disrupts trade route in Suez Canal.
world-news2 years ago

Grounded vessel disrupts trade route in Suez Canal.

The Xin Hai Tong 23, a ship sailing under the Hong Kong flag, which was grounded in the Suez Canal, has been successfully refloated by the Suez Canal Authority. The canal, one of the busiest waterways in the world, was blocked for almost a week in 2019 after a giant container ship became stuck. The incident caused a backlog of hundreds of vessels trying to use the waterway, disrupting global trade.