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IPFS News Link • Natural Disasters

Suez Canal Megaship Refloated

• arclein

If the vessel cannot be refloated entirely, then unloading the ship with a tower crane could be the next bet. But that comes at risk since the load mechanics will drastically change and may have disastrous effects as the balance could shift. As JPMorgan's Marko Kolanovic noted earlier today, "another interesting development of this week was the blocking of the Suez Canal. While we believe and hope the situation will get resolved shortly, there are some risks of the ship breaking."