World News
Suez Authorities Blame High Speed and Rudder Design for Ever Given Grounding
The grounding of the 20,000 TEU container ship that blocked the Suez Canal in March may have been because of its speed and rudder design, according to the local authorities.
The Suez Canal Authority believes the Ever Given was travelling at too high a speed when it became grounded, news agency Reuters reported on Thursday, citing comments from Osama Rabie, the authority's chairman.
The ship was travelling at about 25 km/hour, compared with a normal speed of 8-9 km/hour for the canal's southern channel, Reuters cited Rabie as saying.
The authority also said the rudder was not aligned, and that its size was not appropriate to the size of the ship.
The authority is seeking compensation of $550 million from the vessel's owners. Reuters reported the owners have offered $150 million.
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| VLSFO | MGO | |||
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| $/mt | +/- | $/mt | +/- | |
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| Houston | 555.00 | 1.00 | 678.00 | 1.00 |
| Fujairah | 563.00 | 2.00 | 754.50 | 0.50 |
| Global 20 Ports Average | 587.50 | 1.50 | 765.00 | 0.50 |
| Global 4 Ports Average | 551.00 | 1.00 | 700.00 | 1.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 812.50 | 1.00 |
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