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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: gg cox who wrote (169979)3/28/2021 8:50:51 PM
From: sense  Read Replies (4) of 219208
 
Stuck ship looks like its going to be there a while... three factors each saying "weeks"...

Egyptian President has directed it be unloaded... but that will take weeks to figure out, and weeks to arrange for and deliver the right equipment to be able to do it once its figured out...
Boat blocking Suez Canal to be unloaded to make moving it easier

but doing it at all is not without risks... costing time to address the risks properly... and while the changing tides are burying it more deeply as the sands shift... there won't be tides higher than now for... weeks.
Releasing Container Ship From Suez Canal Could Capsize It

They say heavy winds knocked the ship into the sandbanks, but data so far shows it was also traveling 13 knots in an 8-knot speed zone when the accident happened, according to Konrad.

Several salvors have also said the most likely cause was a blackout power outage that compromised steering just as the wind gust came up. Coincidentally, this same ship was involved in an accident in Hamburg in 2019, when its owners rammed into a ferry and destroyed it. They had blamed the accident on a loss of steering power and high winds back then, too.

Salvors say the next opportunity to move the ship will be during spring tides on Sunday and Monday. If that doesn’t work, it could take weeks to dig her out of the sand, all the while trying to keep her upright and intact.
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