We turned on the TV this morning to hear that the Suez Canal backlog was cleared. After paying the normal $500,000 transit fee per ship, the 400 or so delayed vessels are all plying their trade again. And there, to illustrate the news story, was an aircraft carrier. The USS Dwight D. Eisenhower had also passed through the canal. And typing 400 reminds me that this is journal 400.[Read more…] about Suez Carrier
Aground and Around
What do a bow thruster, an interruption in server access and the Suez Canal have in common? Not much at first glance but stay with me as I try to join some dots.
This morning’s news included a report of a ship that had run aground in the Suez Canal. Four hundred metres long, the ship that is, my first reaction was to think software glitch or human error. My second thought was of an immediate reduction in global trade, by perhaps 10%. My third thought was of a price hike that two weeks of extra travel might mean for that 10%.[Read more…] about Aground and Around