Giant container ship stuck in Egypt’s Suez Canal finally floats

Agencies
March 29, 2021

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Nearly a week after a giant cargo ship—Ever Given remained stuck in Egypt’s Suez Canal, salvage teams have finally succeeded in freeing it from the busiest waterway in the world, said a report. The Ever Given is 400m-long (1,312ft) and weighs 200,000 tonnes, with a maximum capacity of 20,000 containers. It is currently carrying 18,300 containers. 

A Bloomberg report said, “While the ship is floating again, it wasn’t immediately clear how soon the waterway would be open to traffic, or how long it will take to clear the logjam of more than 450 ships stuck, waiting and en route to the Suez that have identified it as their next destination.” Also Read - Dia Mirza 'Makes Memories' With Vaibhav Rekhi And Daughter Samaira in Stunning Pics From Maldives

A large container ship, ‘Ever Given’ remains stuck in Egypt’s Suez Canal, the busiest waterway in the world. The ship which is is almost as long as the Empire State Building is tall, a vessel named the ‘Ever Given’, ran aground after strong winds and a sandstorm caused low visibility and poor navigation, the Suez Canal Authority said in a statement. The ship was en route to the Dutch point of Rotterdam when it was knocked off course, CNN reported. Also Read - Banke Bihari, Mathura to Shiva Temple in Ujjain: Here's How India is Celebrating Holi

The Suez Canal accounts for about 30 per cent of global container ship traffic each day. The report said if the Ever Given isn’t freed soon, the logjam could impact the oil market, shipping and container rates, leading to a rise in the cost of everyday goods.

BBC reported that a giant container ship remains stuck across Egypt’s Suez Canal after attempts to dislodge it on Saturday’s high tide failed.

Canal officials said, however, that some progress had been made, and that they hoped the ship could be afloat again by Sunday evening.

The Ever Given has been wedged in the canal — one of the world’s busiest trade routes — since Tuesday, BBC said. More than 300 ships are stuck on either side of the blockage. Some vessels have had to reroute around Africa.

On why the Suez Canal is so important, BBC said about 12 per cent of global trade passes through the 193 km (120-mile) canal, which connects the Mediterranean Sea to the Red Sea and provides the shortest sea link between Asia and Europe.

An alternative route, around the Cape of Good Hope on the southern tip of Africa, can take two weeks longer.

According to data from Lloyd’s List, the blockage is holding up an estimated $9.6 billion of goods each day — or $400m an hour.

BBC reported that on Saturday about 20,000 tonnes of sand was dredged, and 14 tugboats pulled and pushed the Ever Given in order to try to dislodge it.

Although strong tides and winds complicated efforts to free the ship, the tugboats managed to move it 30 degrees in two directions.

General Osama Rabie, Chairman of the Suez Canal Authority, said that water had started running underneath the vessel.

“We expect that at any time the ship could slide and move from the spot it is in,” he told a press conference.

Initial reports said the 400m-long (1,300ft), 200,000-tonne vessel ran aground due to high winds and a sandstorm that affected visibility.

However, Rabie said weather conditions were “not the main reasons” for the ship’s grounding.

“There may have been technical or human errors,” he told reporters, without giving details. “All of these factors will become apparent in the investigation”, BBC reported.

The Ever Given is operated by the Taiwanese firm Evergreen Marine and owned by Shoei Kisen of Japan. Yukito Higaki, president of Shoei Kisen, said on Friday that the ship did not appear to be damaged.

BBC said if digging the sand away and pulling the ship with tugs fails to move it, Rabie said rescue teams might have to remove some containers.

John Denholm, president of the UK Chamber of Shipping, earlier told the BBC that transferring the cargo to another vessel or the canal bank would involve bringing in specialist equipment, including a crane that would need to stretch more than 60m (200ft) high.

“If we go through the lightering process, I suspect we’re talking weeks,” he said.

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News Network
April 11,2024

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Six children were killed on Thursday morning after a private school bus carrying around 40 children lost control and overturned in Haryana's Mahendragarh district. The bus was on its way to school, which was functioning despite Eid-ul-Fitr holiday. 

Several students were left injured due to this accident. The incident took place near Unhani village in the Mahendranagar district.

Parents and locals are also asking why the school remained open on Eid, a public holiday.

Six children died and over 20 were injured when the school bus rammed a tree and overturned this morning. The driver was reportedly drunk, the police said.

The bus, whose fitness certificate had expired in 2018, belonged to GL Public School. A state road transport official has been suspended for failing to control vehicles running without proper valid documents.

State Education Minister Seema Trikha said an inquiry is being conducted to find out why the school was functioning on a holiday. She reiterated that the school should have been shut today and that a show-cause notice has been served.

"The school should not have been open today. A show-cause notice has been issued and apart from that, we have taken self-affidavits from the private schools. The schools will have to provide an affidavit of the transport vehicles stating that they function according to the transport rules," she said.

Asked who bears the responsibility for such a tragedy, the minister said the schools and the bus owners will be held accountable along with the driver.

"If (school bus) drivers are found to be drunk, schools will be held responsible. In such cases, FIRs will be filed against the driver, the school's principal, and the bus owner."

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News Network
April 14,2024

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New Delhi: A 24-year-old student from India was shot dead inside a car in Canada's South Vancouver, the local police have said. The Vancouver Police in a statement said Chirag Antil, 24, was found dead inside a vehicle in the area after neighbours reported hearing gunshots.

"Officers were called to East 55th Avenue and Main Street around 11 pm on April 12 after residents heard the sound of gunshots. Chirag Antil, 24, was found deceased inside a vehicle in the area. No arrests have been made, and the investigation remains ongoing," the police said.

Chirag Antil's brother Ronit told reporters that Chirag seemed happy when they spoke on the phone in morning. Chirag later took out his Audi to go somewhere. That was when he was shot dead.

The Congress students' wing National Students' Union of India chief Varun Choudhary in a post on X tagging the Ministry of External Affairs requested for assistance to the student's family.

"Urgent attention regarding the murder of Chirag Antil, an Indian student in Vancouver, Canada. We urge the Ministry of External Affairs to closely monitor the progress of the investigation and ensure that justice is swiftly served," Mr Choudhary said.

"Additionally, we request the ministry to extend all necessary support and assistance to the family of the deceased during this difficult time," he said.

Chirag Antil's family is raising money through the crowdfunding platform GoFundMe to repatriate his body to India, local media reported.

Haryana resident Romit Antil, the brother of Chirag Antil, told CityNews that he was a kind-hearted person.

"My brother and I had a great relationship. We used to talk every day, day and night. I spoke to him last before the accident happened. He was kind of happy, he never had any issues or fights with anyone, ever. He was an extremely polite person," Romit Antil told CityNews.

Chirag Antil came to Vancouver in September 2022. He just finished MBA at University Canada West, and recently got his work permit.

Here are 5 facts about Chirag Antil

1.    Chirag Antil was a resident of Sonipat, Haryana.
2.    He was the youngest son of Mahavir Antil, a retired employee of the Sugar Mill Department of the Haryana Government.
3.    Chirag moved to Vancouver in 2022 to pursue higher studies at the University Canada West (UCW), in British Columbia.
4.    After completing his MBA, he started working at a company in Canada after getting a work permit.
5.    Chirag's brother Ronit shared in an interview that his younger sibling was a "kind-hearted" person. "I spoke to him last before the accident happened," he said and added that Chirag sounded "happy".

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News Network
April 11,2024

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Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh city in southern Vietnam in the country's largest financial fraud case ever, state media Thanh Nien said.

It's a rare verdict - she is one of very few women in Vietnam to be sentenced to death for a white collar crime, i.e. looting one of the country's largest banks over a period of 11 years.

The decision is a reflection of the dizzying scale of the fraud. Truong My Lan was convicted of taking out $44bn (£35bn) in loans from the Saigon Commercial Bank. The verdict requires her to return $27bn, a sum prosecutors said may never be recovered. Some believe the death penalty is the court's way of trying to encourage her to return some of the missing billions.

The habitually secretive communist authorities were uncharacteristically forthright about this case, going into minute detail for the media. They said 2,700 people were summoned to testify, while 10 state prosecutors and around 200 lawyers were involved.

The evidence was in 104 boxes weighing a total of six tonnes. Eighty-five defendants were tried with Truong My Lan, who denied the charges.

"There has never been a show trial like this, I think, in the communist era," says David Brown, a retired US state department official with long experience in Vietnam. "There has certainly been nothing on this scale."

The trial was the most dramatic chapter so far in the "Blazing Furnaces" anti-corruption campaign led by the Communist Party Secretary-General, Nguyen Phu Trong.

A conservative ideologue steeped in Marxist theory, Nguyen Phu Trong believes that popular anger over untamed corruption poses an existential threat to the Communist Party's monopoly on power. He began the campaign in earnest in 2016 after out-manoeuvring the then pro-business prime minister to retain the top job in the party.

 The campaign has seen two presidents and two deputy prime ministers forced to resign, and hundreds of officials disciplined or jailed. Now one of the country's richest women has joined their ranks.

Truong My Lan comes from a Sino-Vietnamese family in Ho Chi Minh City, formerly Saigon. It has long been the commercial engine of the Vietnamese economy, dating well back to its days as the anti-communist capital of South Vietnam, with a large, ethnic Chinese community.

She started as a market stall vendor, selling cosmetics with her mother, but began buying land and property after the Communist Party ushered in a period of economic reform, known as Doi Moi, in 1986. By the 1990s, she owned a large portfolio of hotels and restaurants.

Although Vietnam is best known outside the country for its fast-growing manufacturing sector, as an alternative supply chain to China, most wealthy Vietnamese made their money developing and speculating in property.

All land is officially state-owned. Getting access to it often relies on personal relationships with state officials. Corruption escalated as the economy grew, and became endemic.

By 2011, Truong My Lan was a well-known business figure in Ho Chi Minh City, and she was allowed to arrange the merger of three smaller, cash-strapped banks into a larger entity: Saigon Commercial Bank.

Vietnamese law prohibits any individual from holding more than 5% of the shares in any bank. But prosecutors say that through hundreds of shell companies and people acting as her proxies, Truong My Lan actually owned more than 90% of Saigon Commercial.

They accused her of using that power to appoint her own people as managers, and then ordering them to approve hundreds of loans to the network of shell companies she controlled.

The amounts taken out are staggering. Her loans made up 93% of all the bank's lending.

According to prosecutors, over a period of three years from February 2019, she ordered her driver to withdraw 108 trillion Vietnamese dong, more than $4bn (£2.3bn) in cash from the bank, and store it in her basement.

That much cash, even if all of it was in Vietnam's largest denomination banknotes, would weigh two tonnes.

She was also accused of bribing generously to ensure her loans were never scrutinised. One of those who was tried used to be a chief inspector at the central bank, who was accused of accepting a $5m bribe.

The mass of officially sanctioned publicity about the case channelled public anger over corruption against Truong My Lan, whose fatigued, unmade-up appearance in court was in stark contrast to the glamorous publicity photos people had seen of her in the past.

But questions are also being asked about why she was able to keep on with the alleged fraud for so long.

"I am puzzled," says Le Hong Hiep who runs the Vietnam Studies Programme at the ISEAS - Yusof Ishak Institute in Singapore.

"Because it wasn't a secret. It was well known in the market that Truong My Lan and her Van Thinh Phat group were using SCB as their own piggy bank to fund the mass acquisition of real estate in the most prime locations.

"It was obvious that she had to get the money from somewhere. But then it is such a common practice. SCB is not the only bank that is used like this. So perhaps the government lost sight because there are so many similar cases in the market."

David Brown believes she was protected by powerful figures who have dominated business and politics in Ho Chi Minh City for decades. And he sees a bigger factor in play in the way this trial is being run: a bid to reassert the authority of the Communist Party over the free-wheeling business culture of the south.

"What Nguyen Phu Trong and his allies in the party are trying to do is to regain control of Saigon, or at least stop it from slipping away.

"Up until 2016 the party in Hanoi pretty much let this Sino-Vietnamese mafia run the place. They would make all the right noises that local communist leaders are supposed to make, but at the same time they were milking the city for a substantial cut of the money that was being made down there."

At 79 years old, party chief Nguyen Phu Trong is in shaky health, and will almost certainly have to retire at the next Communist Party Congress in 2026, when new leaders will be chosen.

He has been one of the longest-serving and most consequential secretary-generals, restoring the authority of the party's conservative wing to a level not seen since the reforms of the 1980s. He clearly does not want to risk permitting enough openness to undermine the party's hold on political power.

But he is trapped in a contradiction. Under his leadership the party has set an ambitious goal of reaching rich country status by 2045, with a technology and knowledge-based economy. This is what is driving the ever-closer partnership with the United States.

Yet faster growth in Vietnam almost inevitably means more corruption. Fight corruption too much, and you risk extinguishing a lot of economic activity. Already there are complaints that bureaucracy has slowed down, as officials shy away from decisions which might implicate them in a corruption case.

"That's the paradox," says Le Hong Hiep. "Their growth model has been reliant on corrupt practices for so long. Corruption has been the grease that that kept the machinery working. If they stop the grease, things may not work any more."

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