>>> ALL RIGHT.
I’M GEEKING OUT OVER THAT
MASSIVE CARGO SHIP STUCK IN THE
SUEZ CANAL.
12% OF THE WORLD’S GOODS HAS
BEEN BLOCKED BY A SHIP THE
LENGTH OF THE EIFFEL TOWER.
SOME HAVE RE-ROUTED AROUND THE
HORN OF AFRICA.
THIS IS A MASSIVELY EXPENSIVE
TRAFFIC JAM.
AN ESTIMATED $400 MILLION IS
LOST IN TRADE EVERY HOUR THAT
THIS SHIP REMAINS STUCK. THE OPERATOR SAYS STRONG WINDS
THE OPERATOR SAYS STRONG WINDS
AND A SANDSTORM LODGED THE SHIP
IN THE CANAL.
AND THE SITUATION BEING
EXPLAINED BY AUSTIN POWERS.
ONE PERSON ASKED, IS THE SUEZ
CANAL REALLY SLOW FOR ANYONE
RIGHT NOW?
AND THE SHIP IS THE CRUSHING
DESPAIR OF EVERYTHING FROM THE
PAST YEAR.
SOMEONE ELSE SAID, EMOTIONALLY,
I AM THE SUEZ CANAL.
AND SOME IDEAS TO UNSTICK THE
STUCK SHIP.
HOW ABOUT TRYING TO LIFT IT UP
WITH BLOOALLOONS.
AND I WONDER WHAT ROSS
FROM "FRIENDS" WOULD DO?
>> PIVOT!
PIVOT.
>> SHUT UP!
SHUT UP!
SHUT UP! >> JOINING US NOW, SAL, A FORMER
>> JOINING US NOW, SAL, A FORMER
MERCHANT MARINER, AND ADJUNCT
PROFESSOR AT THE ACADEMY.
WE TALKED YESTERDAY, AND YOU
SAID THIS IS NOT GOING TO BE A
FAST MATTER.
WHAT IS THE PROBLEM WITH
EVERYBODY’S SUGGESTS ABOUT
BLOWING IT UP OR LIFTING IT OUT.
WHAT IS THE DIFFICULTY IN
DISLODGING THIS SHIP?
>> YOU MAKE IT TOUGHER TO GET
OUT WITH SOME OF THOSE
SUGGESTIONS.
REMOVING THE VESSEL HAS TO BE
DONE IN A METHODICAL MANNER.
THE DANGER IS THAT YOU MAKE THE
SITUATION WORSE IF YOU DON’T DO
IT CORRECTLY.
THE EGYPTIANS SAYING IT WILL BE
REMOVED IN 2 TO 3 DAYS IS A
POLITICAL DECISION, NOT A
SALVAGE DECISION.
THIS IS A 1,300-FOOT VESSEL,
IT’S LIFTED UP OUT OF THE WATER.
JUST SCOOPING SAND OUT IS NOT
ENOUGH.
YOU HAVE TO WORRY ABOUT IT
ROLLING AND ABOUT PUTTING TOO
MANY STRESSES ON IT.
THIS SHIP HAS RAMMED INTO
AFRICA, AND ITS CERTAIN IS
DANGLING INTO EUROPE.
YOU HAVE TO BE CAREFUL ON HOW
YOU UNSTICK IT.
>> I THINK MOST PEOPLE CAN GET
THEIR STUFF OFF OF A SHIP, BUT
THEY DON’T KNOW HOW BIG IT IS.
THIS STARTS TO MAKE YOU
UNDERSTAND HOW SERIOUS AN ISSUE
IS.
BECAUSE THERE ARE 185 SHIPS LIKE
THIS BEHIND IT.
A FEW SHIPS HAVE BEEN PULLED OUT
OF THE CANAL.
WHAT IS THE STATUS OF THE
WORLD’S SHIPPING GOODS RIGHT NOW?
>> ONE OF THE THINGS WE SAW,
EVERY
EVERGREEN HAS ALREADY STARTED TO
REROUTE VESSELS AROUND AFRICA.
AND THE COMPANY IS THINKING
ABOUT ADDING A SURCHARGE ON TO
THE COST TO MOVE THE CONTAINERS.
THOSE WILL BE ADDED ON TO
CONSUMERS.
THAT’S WHERE THIS WILL GO.
AND THIS WILL START TO GET
WORSE.
AS WE’RE EXPERIENCING IN THE
UNITED STATES THE LOG JAMS IN
THE PORTS, WITH VESSELS JUST
WAITING TO GO GET IN, AND THE
DIFFICULTY IN US GETTING EXPORTS
OUT, EUROPE IS ABOUT TO
EXPERIENCE THE SAME THING.
>> IT’S ALSO PARTICULARLY
RELEVANT, A POINT YOU’VE MADE
FOR FUEL PRICES.
A LOT OF THE FUEL THAT COMES
FROM SAUDI ARABIA COMES THROUGH
THE SUEZ CANAL.
>> THERE’S A PIPE ALONGSIDE THE
CANAL, BUT WE DON’T SEE ANY OF
THE OPERATORS DOING IT, IT’S A
VERY EXPENSIVE OPTION.
THEY’RE WAITING TO SEE WHAT THE
DREDGING AND SALVAGE OPERATION
HAS.
A GOOD INDICATION WILL BE WHEN
THE VESSELS WAITING IN THE
ANCHORAGES START PULLING OUT AND
TURNING AROUND.
THE SALVAGE COMPANY HAS STOPPED
TALKING.
THEY SAID THIS WILL BE A
METHODICAL, LONG PROCESS TO GET
THE VESSEL MOVED.
THEY’RE VERY CONCERNED ABOUT IT
ROLLING OFF OF THE EMBANKMENT
AND PUTTING A TWISTING MOTION ON
IT.
THEY ALREADY HAVE FLOODING IN