The Global Chip Shortage - Why the Evergreen Ship Stuck in the Suez Canal Certainly Isn’t Helping

[AutomaticApple]

There has already been a $60 billion global chip shortage occurring for a while now. To make matters even worse, there's now a giant cargo ship stuck in the Suez Canal (one of the world's most important bodies of water). About a tenth of global trade passes through the Suez Canal, and it could be facing a weeks-long blockage. Billions of dollars are being lost every day due to the blockage.

Egypt's Suez Canal reduces fixed rebate on tolls for LNG carriers to 15% from Nov 1 - circular

Egypt's Suez Canal will reduce the fixed rebate on canal tolls for liquefied natural gas carriers to 15% from 25% starting from Nov. 1, the canal authority said in a circular published on its website on Tuesday.

www.reuters.com

TL;DR: A ship blocking the Suez Canal is making an already existing global chip shortage even worse.

 

[Runs For Fun]

It’s not stuck anymore.

 

[AutomaticApple]

It’s not stuck anymore.

That lasted shorter than I originally expected…

Traffic in Suez Canal resumes after stranded ship refloated

Shipping was on the move again late on Monday in Egypt's Suez Canal after tugs refloated a giant container ship which had been blocking the channel for almost a week, causing a huge build-up of vessels around the waterway.

www.reuters.com

 

[Michael Scrip]

I wonder what this website will do now?

Is this ship still stuck?

You know that ship, the one possibly still stuck in the canal. Is it still there? Find out that, and really only that, at this website.

istheshipstillstuck.com

 

[pmiles]

I think most ships are shipped by air, not by sea... you know, salt water = corrosion. The chip shortage has more to do with a lack of supply than a lack of a transportation.

 

[Tigger11]

No one ships chips on a slow ship from Malaysia to Rotterdam. Neither of which are hubs of electronic manufacturing. All of them are shipped by plane, unless the trip is short or inside countries like China or Japan, where they put alot of it on the trains. As others have said the chip shortage has nothing to do with shipping, everything to do with pandemic shutdowns, order cancelations and no increase in order numbers.
-Bill

 

[ericwn]

That story aged like fine milk.