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A comment on Suez Canal says traffic in channel resumes after stranded ship refloated. Parent comment

Re:Suez Canal says traffic in channel resumes after stranded... by skullx on Monday March 29, 2021 @10:39AM (#26622338)
I would image the opposite tbh, that $9b of delayed goods per day is not lost, it's just delayed. Most of that goods, unless they are perishable goods, will sell like normal, just a bit later.

There is obviously a loss here on increased costs and loss of sell opportunities due to the delay, but that figures are mega inflated IMO.

[ Parent | on HN ]
Re:Suez Canal says traffic in channel resumes after stranded... by craftinator on Monday March 29, 2021 @08:22PM (#26629974)
According to this paper by the National Bureau of Economic Research, the average loss of value per day of delay from the cargo on these ships is between 0.6 and 2.2 percent [1]. According to other research I've seen, somewhere between 12% and 30% of daily global sea trade (the 30% figure may be out large cargo freighters specifically, not sure) goes through the Suez Canal. Anyone want to do the math?

1) https://www.nber.org/digest/jun12/time-trade-barrier

[ Parent | on HN ]
Re:Suez Canal says traffic in channel resumes after stranded... by formerly_proven on Monday March 29, 2021 @10:54AM (#26622621)
Also... ships are slow. The voyage from the Suez canal to Rotterdam or Hamburg is at least six days, so there was quite some time to prepare for a gap in supply.
[ Parent | on HN ]
Re:Suez Canal says traffic in channel resumes after stranded... by craftinator on Monday March 29, 2021 @12:17PM (#26624086)
Well, this is a supply delay in hundreds of equally sized or larger ships. This is a delay in a majority of the global shipping industry of at LEAST a week, and shipping scheduling will be thrown off for months by this.

https://www.reddit.com/r/Damnthatsinteresting/comments/mf705...

https://www.reddit.com/r/interestingasfuck/comments/meopv9/s...

That is a LOT of cargo that's suddenly going to arrive 2 or 3 times later than expected. Huge economic impact. I really don't understand why people on HN are pushing so hard against the idea that this is just an economic blip.

Is there anyone involved in the industry that can chime in?

[ Parent | on HN ]