Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
Suez Canal Investigation to Focus on Wind Speeds, Human and Technical Error
Posted
March 30, 2021
Views
44,493
Likes
181
Comments
210
Engagement
March 30, 2021
44,493
181
210
0.88%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
0:52Now PlayingIn the end, it took roughly six days and seven hours to undo the minutes of drama that exposed the vulnerability of global trade and captivated the world. It may take longer to figure out how to avoid it happening again.
At just after 3 p.m. local time on Monday, the Ever Given was dislodged from a sand bank in the Suez Canal by tugboats pushing and pulling to rock it loose. To cheers from the dozens of crew working on the effort to refloat it and relief among Egyptian authorities, the enormous 21st century container ship that got stuck in a waterway first opened in 1869 was free. The backlog of about 400 ships started moving that evening.
“Despite the difficult situation we’ve confronted, Egyptians stood beside their leadership and their country and endured the crises and registered their joy,” President Abdel Fattah El-Sisi declared at a press conference on Tuesday alongside Osama Rabie, the chief executive of the Suez Canal Authority.
Yet, the fallout from the incident in such a vital artery of the globalized economy is just beginning. Insurers are already totting up the cost and who might be on the hook, but the real focus is quickly shifting to what went wrong.
There will be questions about speed, whether the Ever Given should have employed tugs and if it should have braved the journey through the wind at all. Egyptian investigators, led by a canal authority committee, will analyze recordings from the deck, including conversations among crew.
Subscribe to our YouTube channel
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
