Attempt to refloat megaship blocking Egypt's Suez fails: company

An attempt to refloat a megaship blocking Egypt’s Suez Canal failed Friday, the vessel’s managers said, as the crisis forced companies to re-route services from the vital shipping lane around Africa. The MV Ever Given, which is longer than four football fields, has been wedged diagonally across the entire canal since Tuesday, shutting the waterway in both directions. “Another attempt to refloat the vessel earlier today… was not successful,” the Singapore-based Bernhard Schulte Shipmanagement (BSM) said in a statement. The blockage has caused a huge traffic jam for more than 200 ships at eith…

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HEDGE accordingly