Index Investing News
Sunday, May 11, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Ship briefly stranded in Suez Canal successfully refloated By Reuters

by Index Investing News
May 25, 2023
in Markets
Reading Time: 2 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter



CAIRO (Reuters) -Tugboats refloated a large ship that had been stranded for several hours in the Suez Canal, shipping agent Leth Agencies said on Thursday, allowing flows through one of the world’s busiest waterways to return to normal.

Leth identified the ship as the 190 metre (623 foot) Xin Hai Tong 23, a bulk carrier.

“The Suez Canal Authority has successfully refloated M/V XIN HAI TONG 23 at 0740hrs (0440 GMT). The northbound convoy will enter at 0930hrs,” Leth Agencies said in a tweet.

In a statement, canal authorities said they were informed of an engine malfunction and deployed tugboats to successfully refloat the ship. The process was briefly delayed by the failure of the ship’s winch, they added.

The authority confirmed that “shipping activity on both directions would return to normal as soon as the towing process is finished, as a precautionary measure.”

Leth had previously tweeted that the vessel was grounded at 4 a.m. local time, disrupting at least two convoys of ships.

Refinitiv Eikon shipping data had showed the ship, which sails under the Hong Kong flag, as “not under command” near the southern end of the canal. It was initially positioned at an angle with its stern abutting the canal’s eastern side but the ship appeared to have been moved towards the center and pointed south.

The trackers showed three Egyptian tugboats surrounding the vessel.

The ship had originated from Dhuba port in Saudi Arabia. It is owned by Xiang B12 HK International Ship Lease and managed by Tosco Keymax International Ship Management.

Approximately 12% of the world’s trade moves through the Suez Canal, the shortest shipping route between Europe and Asia.

During strong winds in 2021, a huge container ship, the Ever Given, became jammed across Suez Canal, halting traffic in both directions for six days and disrupting global trade.

Last year, tug boats refloated an oil tanker that was briefly stranded in the canal after to a technical fault with its rudder, while the breakdown of a container ship in the canal caused minor delays in March.



Source link

Tags: BrieflycanalrefloatedReutersshipstrandedsuccessfullySuez
ShareTweetShareShare
Previous Post

Football rumours: Manchester United ‘launching £55million swoop’ for Mason Mount

Next Post

Retirement Accounts Collecting Dust?

Related Posts

Trump contemplating government order to hurry building of nuclear crops – NY Instances

Trump contemplating government order to hurry building of nuclear crops – NY Instances

by Index Investing News
May 11, 2025
0

Could 10, 2025 8:25 PM ETInternational X Uranium ETF (URA), NLRCEG, NRG, CCJ, LEU, UUUU, DNN, UEC, NXE, URNM, OKLO,...

Powell might have a tough time avoiding Trump’s ‘Too Late’ label whilst Fed chief does the proper factor

Powell might have a tough time avoiding Trump’s ‘Too Late’ label whilst Fed chief does the proper factor

by Index Investing News
May 10, 2025
0

U.S. Federal Reserve Chair Jerome Powell speaks throughout a press convention following a two-day assembly of the Federal Open Market...

Investor Ric Edelman reacts to crypto ETF increase

Investor Ric Edelman reacts to crypto ETF increase

by Index Investing News
May 11, 2025
0

Bitcoin's milestone week comes as new crypto exchange-traded funds are hitting the market.Investor and best-selling private finance writer Ric Edelman...

3 methods to create worth

3 methods to create worth

by Index Investing News
May 10, 2025
0

Firm: Charles River Laboratories (CRL)Enterprise: Charles River Laboratories is an early-stage contract analysis firm. The corporate engages in laboratory animal...

IPO Alert: eToro Group set to go public. Right here’s what you should know

IPO Alert: eToro Group set to go public. Right here’s what you should know

by Index Investing News
May 10, 2025
0

After a combined begin to the yr, the US IPO market noticed a rise in exercise in latest months, led...

Next Post
Retirement Accounts Collecting Dust?

Retirement Accounts Collecting Dust?

South Korea, US troops to hold massive live-fire drills near border with North Korea

South Korea, US troops to hold massive live-fire drills near border with North Korea

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Not less than 32 lawmakers give up UK PM Boris Johnson’s govt in 24 hours

Not less than 32 lawmakers give up UK PM Boris Johnson’s govt in 24 hours

July 7, 2022
True Financial Freedom Will Force You to Make Suboptimal (and Maybe Unpopular) Portfolio Decisions

True Financial Freedom Will Force You to Make Suboptimal (and Maybe Unpopular) Portfolio Decisions

August 16, 2023
Macarthur FC vs Brisbane Roar prediction, preview, crew information and extra

Macarthur FC vs Brisbane Roar prediction, preview, crew information and extra

April 15, 2022
Bankman-Fried’s ex-girlfriend Ellison will get two-year sentence over crypto fraud By Reuters

Bankman-Fried’s ex-girlfriend Ellison will get two-year sentence over crypto fraud By Reuters

September 24, 2024
Simply Listed | 6112 Seminole Gardens Circle

Simply Listed | 6112 Seminole Gardens Circle

October 17, 2024
Why the Detroit Lions Have the Most Strain on Them in NFL Playoffs

Why the Detroit Lions Have the Most Strain on Them in NFL Playoffs

January 9, 2025
4 stocks to watch on Thursday: ADBE, UAA and more (NASDAQ:ADBE)

4 stocks to watch on Thursday: ADBE, UAA and more (NASDAQ:ADBE)

March 14, 2024
Burying Nehruvian legacy, Congress manifesto warms up to private sector, investors

Burying Nehruvian legacy, Congress manifesto warms up to private sector, investors

April 9, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In