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Suez Canal Blocked : How Much Does It Really Cost And Who's Going To Pay? | Chief MAKOi
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- čas přidán 2. 08. 2024
- #suezcanal #suez #evergiven
We interrupt our regular programming for this special episode. Since the grounding of the EVER GIVEN at SUEZ CANAL, a lot of you have been asking for my take on the incident. I can't go into specifics because I don't have all the details. In any case, I researched as best as I can and came up with this. I hope you guys find this interesting.
Chief MAKOi
Seaman Vlog S03E20
Special thanks to the following for the materials I used in this video:
Fleetmon
www.fleetmon.com
/ fleetmoncom
Suez Canal Authority
/ @suezcanalauthorityeg
Maxar Technologies
/ @maxartechnologies
This guy is at it as well...The bloody ship’s name is “EVER GREEN” it is clearly written in frikkin HUGE letters on the side.......Where does he get Ever-given from? I wish these illiterate tubers would learn some basic English or at least bother to read the source huh!
Think before you write. The ship's name is "Ever Given" as written on the bow. "Ever Green" is the owner. Not so difficult.
why dont you read the source LOL
Wow. Really? LOL
You better watch his next video about why you are wrong.
czcams.com/video/3CIgHnH-1zo/video.html&ab_channel=ChiefMAKOi
Thanks for the breakdown Chief and the economics behind this. Juan
Yoww capt!
Keep the blue side down
I just found the maritime version of BLANCOLIRIO. Thanks Chief.
Who's going to pay?? Of course, the "rich" countries. Most of the World is too poor to pay anything.
Has anyone noticed the quantity of calamities happening for several years now??
Who believes this was an accident?? 99.99% of you don't see a thing!!
Taking down the World, is one of their goals. But what do I know??
He is good, Juan.
: - )
I have to suspect that going forward. The Canal authority will not allow golden class ships into the canal, if wind speed is expected to be over XX knots. That seems to be the underlying issue here. With these golden class ships having 191,000 square feet of 'sail' on either side, and this being likely the first time in history. That a golden class ship received a wind of 40 knots while in the narrow canal. Will set this new standard/rule.
Shit ton of money is probably the best cost estimate one could come up with. Nevertheless it's a huge mess.Thanks for your insight Chief.
*ship ton of money
@@grandsome1 * metric ship ton
Who's going to pay?? Of course, the "rich" countries. Most of the World is too poor to pay anything.
Has anyone noticed the quantity of calamities happening for several years now??
Who believes this was an accident?? 99.99% of you don't see a thing!!
Taking down the World, is one of their goals. But what do I know??
@@JonHeckendorf Not to mention, all those ships stacking up for the canal will raise the water levels and flood the whole area !!
@@CraftAero Funny. Just think about how many people will believe this.
The reason why the losses are so huge due to this incidenten is that today's industry rely on "just in time delivery". They have only a limited stock on hand and rely on continious delivery. You can actually say that the container vessels is their warehouse, which now is stuck in the Suez canal and will be delayed💁🏼♂️
I was the shipping lead in my company for years, many large international shipments. JIT delivery can be a fragile pain in the ass! It’s a very interdependent system, if just one portion fails, the 💩really hits the fan!
" Container vessels is their warehouse " very well said.
Since a year now we're being thoroughly reminded how fragile the complex network that is the basement of our society is, no?
My guess of what's gonna happen is
...bingo! let the poor and the about to be poor middle class, pay for it. Whatever it is.
Ever heard of hurricane's , ice jams LOL I'm doubtful there is just in time delivery in the shipping industry. We'll from experience there is no such thing in eastern Canada and the north Atlantic
Indeed it is very likely that some of the suppliers of the goods will incur delay penalties due to the goods arriving late. Many just-in-time supply contracts do include provisions for delay compensation as do contracts for the supply of perishable goods that lose value over time. Most likely the risk of these costs will have been underwritten with insurance contracts though so the losses likely largely fall on the insurance industry as is usually the case for risks which while unpredictable are nevertheless foreseeable and calculable by actuarial analysis.
I wish we could have our daily news presented like this! That would be heavenly!
Chief, Congratulations!! When every Tom, Dick and Harry, is making statements and giving figures of their own imaginations, you stand alone. As a responsible, well experienced mariner, you made beautiful summarisation of what is the ground realities, with the special mention of 'shit ton of money'. People with expertise like you are more dependable than the journalists who are thirsty of publicity. Well done, Sir.
Unfortunately, he will likely get canceled in the near future for showing that the leftist globalist narrative that braindead and proud of it is not the best solution to life. 😋
Here too..👍👍
Who’s going to pay? The consumer will eventually pay for this.
like fuel surcharges when the price of fuel/diesel goes up. trucking companies tell shippers...u will pay more for the increased cost to us for the fuel or your product can sit on the dock we wont haul it. so the price goes up and consumers pay for it in the end. but when the cost of fuel GOES DOWN... $17/bbl... priced DID NOT GO DOWN???? so... everyone just pocketed the difference figuring that ... no one will notice so we will just keep prices the same and make some $ as ppl are used to paying inflated prices when price of FUEL IS HIGH.
The wealthy money makers will pay for it obviously!
Who else.
Which is ludicrous the cost should be born by the companies who didn't plan for this
It's the canals fault for not being wide enough to go Tokyo drifting. Sue the suez canal. Bad canal.
Can you imagine being the captain and having to call the operations desk at your company to report you got stuck in Suez
All hell break lose when he is required to be called in front of the CEO and board of the company. lol
Never report to your company again or you will be killed on spot bwhahaha 😭😭😅😅
OPERATIONS DESK : What? I didn't understand it. Say it again
Captain: Our ship stuck in Suez Canal
OP. DESK: WTFFFFF!!!
hahaahahahaha
Ha ha
This is called "shared responsability". That´s the rule of the game...
Some people are naturally born teachers who can teach a five year old calculus and will score 80% in the exam. Chief MAkoi is one of such teachers. Thanks for the understanding.
after refloating , ship deserves a change of name to "Ever Forgiven"
Everstuck may be
Maybe "never forgiven" :(
Unforgiven by Metallica plays whenever they arrive or depart a port.
Never forgiven says the 500 ships waiting
😂 this is gold
Thank you Chief. This was the best summary of what's happening so far. Journalists are scary characters in a situation like this..........🙂
Not only that, keep extra money when the product arrives in the Super Market !
Congratulations for your work.. very clever and auspicious to elucidate us. God may bless you.
Couldn't agree more.
I just discovered your channel and am not going through all the videos. I've learned so much and it's clear you put a TON of time and effort into making these videos educational and entertaining. It's given me a great appreciation for those who endure the hard life of the ocean. Thank you for doing this.
As a mariner before I strongly agree with your comments your so smart in answering those kind of ship's tragedy that's why I always watch all your videos here to learn something from you.
Excellent presentation Chief. Simple and to the point. I wish I could add 100 likes.
Chief MAKOi, I like how You tell story... nothing less and nothing more, exactly what i need to know. If every news channel do as you do, world would become a better place where to live. Simplicity is the key. Thank You for information.
Just like the news media, he calls it by the wrong name... they all read a script and read the same wrong name... it's a distraction. The ship's real name is EVERGREEN! EVERGREEN
Alright so the company name is actually evergreen but the ship's name is "ever given"
Personally I prefer Blancolirio which is not fake news... but fact news.
He touches on what has happened, how it could happen and even explains it.
Naturally he has touched on this incident, but his strength is in aviation and he gives the real facts you could want that the news media forgets or ignores.
@@SuperReznative EVERGREEN is the companies name. Many of their ships are named with "Ever" as the first word; such as Ever Bloom, Ever Balmy, there's over 100 EVERGREEN ships with the prefix "Ever" in their names. Everyone but you are calling it the correct name.
Probably thinks every ship with MAERSK painted on the side is named MAERSK.
In 20 years Hollywood will make a movie about this, and say how some American guys with a complicated love story fights some high ranking government or business guy to set this ship free
Great video chief. It is hard to imagine that the Suez Canal Management Corporation does not have equipment available on standby for this very type of disaster. A large suction dredge would be of great value at this point in time. After all the investigating is done there will obviously be new regulations about ship size and flat plate area and expected weather conditions.
So weird, I literally thought of your channel and what you'd say about it when i read this on the news.
When this happened, literally one of the first things I thought to myself is "I wonder if we'll get the Chief's take on this". Guess we do! :)
Yup!! Me too...
You make it easy to fall in love with your videos.
Very educative and entertaining.
Keep shining hakoi.
I have seen a dozen of news reports, analysis, situational report regarding the Suez Canal situation but this video is the real deal! Subscribed to you Chief!
Very Knowledgable and better than mainstream media
I watched so many videos on this by journalist but so far this is the best perspective as it is coming form a sailors and his experience ..
Keep up the good work chief
That's because his life is the sea and reports do whatever on a laptop.
This video is over-the-top fascinating. Thank you for explaining some of the process on how ships navigate through that canal.
Been waiting for your assessment on this. Thanks for some great information.
Everyone pays, perfect last words for this video!
This has global political impacts.. I guess we really need those pipelines in North America after all. , and manufacture locally,, not China or Singapore
@@SuperReznative You would think Covid would have taught us that ....
Pipelines are pointless esp oil ones. Someone is going to blow it up and create a bigger environmental disaster than the canal. Don't fall for the two way trap.
Great speech Chief and insight of this harrowing situation. I’ve been through the Seuz many a time. The wind and sand storms are perilous ships often dragging their ⚓️⚓️⚓️s nearly colliding with each other. Safe sailing Brother go the long way round 👨🍳👨🍳🥰
Wow, best informative video I have seen on this topic, well done!
Great video. Thanks for explaining, Chief. Ironically, I was JUST watching your video about Suez canal transit when I saw this news story. Love your channel stay safe out there.
Thanks chief! My teenager and I were discussing this on Friday and I immediately told her to search for your channel. We saw that your last post was 6 days ago and I said give him a minute he will tell us some truth! You scored! Blessings and safe travels!!
The chief has previous episode on suez canal, its just fun to watch, his following is quite a phenom
The Suez Canal blockage is going to be a HUGE payday for all of the maritime and insurance lawyers involved in the litigation that will likely go on for YEARS.
if you're a Lawyer, now's the time to seek jobs at their Insurance company! xD Work for YEARS 110%
The lawyers are now planning their early retirement . Lots of money involved.
Worldwide shipping insurance underwriting is a global monopoly belonging to one company: Lloyds… There’s nothing to be gained if they allow their various departments inside Lloyds or umbrella companies to start suing each other so they won’t.
Bullshit.
This is a clear case of force majeure, or do you get compensation when you're stuck with your car in a traffic jam?
This is simply a risk for being in the shipping business.
The Chief is on it like always. Thanks yet again Chief, we can always count on you.
Well done sir, easy too comprehend the issues. But the magnitude of this mess is almost incomprehensible. Thank you for your initiative.
I can’t believe it took me 16 hours before I actually watched this Vlog. As soon as Chief posts a Vlog I’m watching it straight away. You Chief have one of the best online Vlog voices and have people hooked and watching the whole story within the first 30 seconds. Another great informative Vlog Chief and I can’t wait for the next one. Great work from Portland, Victoria, Australia
The way I heard it, the whole thing was an act of nature.. Strong winds and a sandstorm blocking vision. A stacked container ship presents a huge sail effect.
Your review of the grounding, coming from a professional's point of view, says more than what the so-called reporters have said totally. Thank you Chief Makoi. Be safe out there and God bless.
Awesome video with the details. Loved it 😍
Disrupted sailing schedules cost a fortune in every port worldwide.
It's not just the ships waiting in Egypt that are affected.
So many people have made a video on this topic, but you covered it the best! What a fascinating detailed account. Thanks.
Great interview Chief, appreciate just the facts with no drama
thank you for making this process clear Captain MAKOi. You keep the public ignorance under control. It is reassuring to hear from those who actually DO what they are talking about.
Chief Makoi, thank you for such a down to earth report of such a catastrophic incident.
I literally just watched your video on the costs for going through the Canal... now this video. Awesome content and information. :)
Hello dear friend: Thank you for explaining the Suez Canal operations at layman's level. Your presentation is so appreciated. Love you and may God bless you and your crew. 🤗🌞🇺🇸
again well explained. always love your videos. stay awesome
Was looking forward what you have to say about it :))
Another great job I knew I could come here for understanding the News networks are to Hollywood more coverage on entertainment 😐less on factual world events thanks again Sir!!
exactly why I'm also here 😅
Good work again Chief - calm, informative and concisely given information as always. Thanks.
Just stumbled onto your content, did not realize how interesting running a ship was. Thanks
I was only watching one of your vlogs on the Suez Canal few days ago, and this happens. How crazy is that . Great vlogs 👍🏻
I was anticipating to hear your thoughts on this!
Always appreciate this channel for all the sea travel information
Thank you Chef Makoi. You bring to the neophites a lot of information about that ships
aval industry. Very interesting to watch all of your videos. Cheers from Moscow.
I am happy I am living through a historic moment that will be talked about for centuries
Thanks for this unbiased up date Chief.
You are a Great Communicator!
Insightful commentary. Thanks Chief
I've been through the Suez canal on a Navy destroyer and even then I thought it looked pretty God damn narrow I can't even imagine one of these behemoths trying to Transit it! 🤣
Done it on a couple different carriers while in the Navy. From the flight deck, all you can see in land.
Did it on a supply ship. Should have taken a few pics when the turn came and all the other ships looked like they were sailing through the desert sand.
The flip side to the backup is when all these ships get to the same ports about the same time. Ports are going to be overflowing with cargoes.
Damn right 🤭
@@optimistjumeuh5116 Yep and not enough truck drivers to move it so the ports will be backed up causing further delays
That was the most useful reporting of the situation I have seen all week. I know you are not involved with the ship or investigation but I would really love to see a more detailed opinion once its all wrapped up.
Thank you for the clear and complete explanations, much of which I had no idea about.
Thanks chief, for the breakdown. You couldn't explain it better
The way you narrate is so soothing it feels like we are listening a ship story
lol
@@georgem5560 yeah 😅 now I have edited ....it was a typing error*
When every minute equates to $ lost, delays are an enormous factor. The point is that the loss occurs by the projected profit lost over the period of time delayed.
It's also known as putting all your eggs in one basket. Always have a backup. A detour. But rest assured that a new passage is expected to be open for year round shipping. The Chinese are making huge progress. The northwest passage. Gonna change the shipping industry. Global warming gotta love it.
@@derrickconnolly9164 I’d rather go the long way around than use a chinese route
@@closethedoornow7538 I rather sail around the whole world then go in a Chinese ccp canal 👎
@@closethedoornow7538 You might... but the companies that actually decide ship's route would.
@@joshuakevinserdan9331 wow thanks I thought it was all up to me 😂👍
Greetings from The Caribbean.
Much Thanks for Your Thoughts and Insights Chef.
Stay Safe.
Top show. Thanks for the detailed analysis and informative presentation. Subscribed.
Thanks for watching. Marine salvage expert and salvage engineer nick SLOANE cape town South Africa 🇿🇦
I’m kinda shocked someone hasn’t done this before and on purpose just to cause problems.
Dont be so sure its not the case now........jus sayin !
Takes a large, CHINESE ship...
It is obvious the ship is overloaded. They managed to handle it in deep seas but the canal was too much. Too many people and too much shit, damaging the environment......trash, before and after we use it......We are surrounded by useless "shit". We are about to pay the price for that.
@@bamahama707 rofl stfu 😂
@@RY-yk9he nah, you stfu
Some of the stopped ships are carrying live animals. With limited food and water.
Hopefully they're given priority when it opens again.
Great info! Thanks!
A very comprehensive analysis . Thank you.
I'm a simple man. I like before I watch.
I absolutely agree with you on this.
LOL. Good one! Made me laugh.
Your a funny man 😂👍🥝
Me too. I like a simple man comment's before I read it.
I do that on the channels I know I will like, because I often then click on a suggested video at the end and don't want to scroll up to like it lol
I learned about thte interactions of the hull and screw in shallow water; it is surprisingly complicated.
Thanks Chief, nice informative video...greetings from Egypt
And on all those ships crews are eating, working and the motors running...
Seems like the trip to Brazil was a blessing in disguise. You could very well be sitting in that traffic jam. If you find out any info we normally would not see on our biased news, please share.
Who's going to pay?? Of course, the "rich" countries. Most of the World is too poor to pay anything.
Has anyone noticed the quantity of calamities happening for several years now??
Who believes this was an accident?? 99.99% of you don't see a thing!!
Taking down the World, is one of their goals. But what do I know??
Biased? Our news? Really?
@@JonHeckendorf Jon.........lol...
Thank you for clearing up THESE ridiculous statements.
I love your channel. Great content!
Thank you dude! Excellent video! Cheers!
the memes of this situation so far have been hilarious.
watch this
I was hoping you’d give your thoughts on this. This was very informative .
We have everything under control. I have ordered a destroyer and battle ship to the region for pirates and thugs who kill and steal. WARNING YOU WILL BE MET WITH DEADLINES. FLEET ADMIRAL COMMANDER ALBERT LABONTE USN. FLY NAVY FLY HIGH
This amazingly thorough, no bullshit, professional explanation has just earned you a new subscriber sir.
Okay, maybe not "thorough" but thorough enough.
Great explanation ! Thanks Chief !
Awesome explanation Chief 👍👍👍
Japanese ship made in Japan insured by Japanese company. It costed about a billion and half so far as of yesterday.
Great job ! I feel a little smarter ! Thank you Chief
thank you Chief Makoi, you're the best!
Mark’s quote of the day: “A Shit Ton of Money”
Ship ton of money.
Metric or imperial shit ton?
@@sarkybugger5009 metric and imperial are not modifiers of shit. shit is it's own unit of measure. it is it's own unit of measure, because by the time you get into shit, there is no way to measure. i.e., shit deep.
glad to help.
Seems like maritime industry still has a lot to learn from aviation. Especially in standards of rules. When there is a human factor and systemic factor in an incident, the responsibility shouldn't fall fully at the people responsible. System needs to change so humans can't make the same error again, it's much more effective to spend money on improving rather than billing things with intent of punishing.
The strong gust of wind made it impossible to steer.. EVERGREEN regardless which human.. piloting.
Maritime rules and standards have existed before power flight was even possible and they are pretty strict
@@brendenlothamer1680 yeah and are now leagues more relaxed than aviation in terms of safety.
lessons will always be learned, but mother nature is always unpredictable, and there is not much that can realistically be done to give massive ships finite control in heavy winds, its simple physics. Plus while this might be costly, no human lives were lost and the risk to the public in accidents like this is almost zero. Therefore the pressure to make industry wide changes is pretty low compared to aviation. Ships run aground all the time, 99.99% of them we never hear about because they aren't a big deal. This one is just unlucky and ran aground in one of the worst spots imaginable.
The only thing that could really be done would be to add an alternate passage, but the cost of doing such a thing for how often this happens is probably not feasible.
@@SuperReznative shouldn't have been in canal in those conditions, have you ever heard of a weather forecast?
This was a great explanation! Thanks!
Great video. Explained the situation really well
So the canal pilot should just be a navigator/guide for the captain. The captian really should steer the ship and make all decisions since he is ultimately responsible for everything.
Yes.
With the exception of the Panama Canal, that is how it works (in theory)
Then why are shipping companies forced to pay these pilots if they have no responsibility? At some point the Egyptian government has to realize that their pilots don't know what they are doing and their salary is comprised mostly of bribes.
The pilots all over the world (not just at Suez) are only advising the captain.
Responsibility always lies with the captain.
The reason the Panama Canal is different is because the ships are being moored to locomotive that are dragging the ships, therefore the ship is no longer in control by the captain.
Actually I don't know if this has been changed with the new Panama Canal.
@@AbeBlinkin9 oh and the reason why the shipping companies want to take the pilot: if they don't I am sure their insurance company would find them negligent in their duties if they refused to take the pilot and had an accident.
Chief, I have to disagree with you on some aspects of your analysis, good tho' it is. This looks like a classic case of bank effect, possibly also involving squat.
When a ship is moving through the water a high pressure area develops at the bow (front) and a corresponding low pressure develops at the stern (back). At sea this does not present a problem, however when a ship nears a bank the high pressure at the bow forces the bow away from the bank and the low pressure at the stern draws the stern into the bank. Additionally in shallow water the low pressure at the stern which causes the vessel to squat (i.e. sink down into the water) results in the rudder being less effective.
In order to counteract the effect of wind, which would have been considerable, the ship was probably having to maintain a relatively high speed so as to reduce the amount of wind correction angle, known as drift, to keep the ship in line with the direction of the canal. This relatively high speed exaggerated both bank effect and squat which caused the vessel to suddenly sheer off course. This happens without any warning, very quickly and does not give the crew enough time to correct it. The only solution is to slow down but on a ship this size takes some time.
The main question to ask is why a ship of this size was allowed to transit the canal in the strong wind conditions prevailing at the time. Don't blame the pilot captain or crew, look to commercial pressures, ship operators and the canal authority.
Captain & Pilot (Retd.)
Thanks for the video! Very informative from an expert!!
This guy gives such a brilliant explanation.. Respect for u 🥰🥰
Imagine all the stink eyes they’re going to get when they finally get unstuck and have to go by all that held up traffic.
Fascinating, well-made video Chief! I feel really sorry for the Captain of that ship.
Did you hear the Chief? You should feel disappointed with the person responsible. Feel sorry for everyone else.
Why? The Captain is responsible for what happens on a ship. End of story.
Excellent well put ,informative information thank you chief, fair winds my friend!!!
Great anslysis. Helpful and thanks chief
Been waiting for this video! I have been pondering this: If they were able to get the port side anchor (know it would be crazy heavy) over to the opposite bank. In theory could the Evergiven winch it's self out? Those anchor winches have to be insanely powerful
Kedging off, used to move a stubborn boat.
Excellent no B.S. explaination!
Excellent video. Thanks for the 'behind the curtain' look at this situation.