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Re:Suez Canal says traffic in channel resumes after stranded... by signal11 on Monday March 29, 2021 @11:03AM (#26622775)
I'd start by computing the number of ships that went around the Southern tip of Africa as a result of the stuck ship. I wonder how much the cost of extra fuel and food/pay for all of those ships doing additional miles will be? And the resulting increase in wholesale/retail costs?

Regarding penalties re late delivery, I'm less worried about that. Cargo ships always have language about loss and force majeure. I think a stuck ship would qualify as force majeure. And a week shouldn't affect most perishables e.g. grain, that go into containers.

Re:Suez Canal says traffic in channel resumes after stranded... by PeterisP on Monday March 29, 2021 @11:23AM (#26623094)
I believe that we can simply look at the channel fees lost due to the downtime - as far as I understand, the fee for using the channel is intentionally close to "the cost of extra fuel and food/pay for all of those ships doing additional miles", a bit lower but not much lower than the alternative of going around Africa.
Re:Suez Canal says traffic in channel resumes after stranded... by glenneroo on Monday March 29, 2021 @05:14PM (#26628261)
As posted elsewhere in this thread, this guy debunks that theory:

> https://www.youtube.com/watch?v=0iwOZOb90fM

Re:Suez Canal says traffic in channel resumes after stranded... by GordonS on Monday March 29, 2021 @11:14AM (#26622968)
Container ships burn horrible, cheap bunker fuel, and the shipping industry is infamous for hiring crew from low-income countries like the Philippines, paying them a pittance, and treating them like modern-day slaves.

I'd strongly suspect that the costs for spoilage and knock-on effects from late delivery etc would outstrip crew and fuel costs by a large margin.

Re:Suez Canal says traffic in channel resumes after stranded... by itismetheidiot on Monday March 29, 2021 @03:57PM (#26627374)
Filipino Masters and Chief Engineers are being paid north of $8500/month. Evidently you are not well informed.
Re:Suez Canal says traffic in channel resumes after stranded... by Loughla on Tuesday March 30, 2021 @10:53AM (#26635295)
I'm not sure OP was talking about masters and chiefs (chiefes? Why does that look weird spelled both ways?).

I'm certain s/he was talking about juniors on the ships.

Re:Suez Canal says traffic in channel resumes after stranded... by GordonS on Monday March 29, 2021 @05:33PM (#26628451)
I don't doubt a select few senior people are well paid - but there are many, many more junior crew members that do not fit that description.

Also - rude.

Re:Suez Canal says traffic in channel resumes after stranded... by nradov on Monday March 29, 2021 @11:42AM (#26623459)
Grain is usually carried by bulkers, not in containers.