The Suez Canal Authority said that after Evergreen’s Ever Given large container ship was dismantled and completely afloat, the Zurich Canal Authority estimated the global economic loss on Monday at 400 million U.S. dollars per hour. Shipping carriers and supply chain executives breathed a sigh of relief. . Moved to the Great Bitter Lake, so that the ship vacated and sailed again on the key maritime trade route.
Douglas Kent, executive vice president of strategy and alliances at the Association of Supply Chain Management (ASCM), said that the supply chain and shipping industry will now begin to carefully study how to build resilience and transparency to prevent such catastrophic consequences in the future.
Kent said: “The most direct situation has been resolved, and faster than most people think, but the chain effect is already there.” “We have ships, containers, and we have goods where we shouldn’t go. Therefore, The recovery process will be much longer than moving the ship.
He said that the most worrying thing is not the fastest recovery, such as “in the long run, it will take 7 to 10 days of travel time”, but then there will be congestion in European ports.
Kent said that although U.S. ports may not be affected immediately, “the container problem is more serious than the ship problem. He pointed out that these trapped containers should have reached their destinations and returned to Asia, which may affect the situation in the United States. , Causing delays.
Kent said that the crisis may trigger some anti-global logistics, because companies want to avoid risks and see a rapid recovery when the crisis occurs.
Although he believes that due to the Suez Canal crisis, the clothing industry will not change its focus on Asia and use it as the main source of production, but this crisis may “affect the decision-making of insourcing and outsourcing” and increase verticalization.
Maersk said that once the ship is safely anchored, the three ships currently anchored in the lake will escort away from the canal. The canal may be opened in the next 12 to 24 hours.
The company said: “We are closely monitoring the situation because Maersk and its partners have 34 ships waiting at anchorages.” “So far, we have 15 ships re-directed to bypass the Cape of Good Hope in the southern tip of Africa. We are currently Recalculate whether some of these ships should turn around and continue their original routes.”
Jena Santoro, a risk intelligence expert at Everstream Analytics, said there are 367 ships waiting to pass through the Suez Canal, while countless other ships have decided to diverge around the southern tip of Africa. This alternative voyage is said to have added weeks of time. The daily fuel cost is as high as $26,000.
Santoro said: “The authorities estimate that it will take about three and a half days to clear the traffic jam on the container ship, and it will lose nearly US$10 billion in trade every day.”
She agreed that although efforts to restore the normal operation of the canal are ongoing, it can be expected that the hardship of the past week will have some repercussions.
“First of all, air and rail freight prices from Asia to Europe may rise again because shippers seek to use other modes of transportation, but capacity is still limited,” Santoro said. “Secondly, due to the uncertainty of when ships can pass through the Suez Canal, container shipping companies have begun to implement ticket bookings in the first two weeks of April, which has prompted more cargo owners to choose alternative transportation methods such as air and rail.” Finally, the already congested ports in Europe, such as Antwerp, Rotterdam and Felixstowe, may face long delays due to the simultaneous arrival of ships. ”
She also pointed out that since the ship is likely to be transferred to other ports to delay the unloading process, import and export cargo may be further delayed. Santoro suggested that those cargo ships and cargo trapped on ships waiting in Suez or bypassing the Cape of Good Hope can, if possible and necessary, bring critical supplies from Asia by air, rail or truck. Shipped to Europe.
Alternatively, containers that have already been shipped from Asia can be unloaded at large transhipment ports such as Singapore or Dubai and then transported by air.
He added: “If possible, key materials should be purchased from different suppliers or geographic regions until the supply disruption subsides.” Authorities estimate that the closure of the canal affects 15% of the world’s container shipping capacity. Therefore, it will take some time to reverse these effects and require strategic adjustments to the maritime business. ”