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Anyone looking at making any plays around the stuck ship in the Suez Canal? by cryptoindex

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· @cryptoindex ·
Anyone looking at making any plays around the stuck ship in the Suez Canal?
If I'm understanding the situation correctly, a ship is stuck in the canal and the congestion forces other routes to be used, increasing shipping costs and all kinds of other stuff. The argument for making a play would be whether or not the ship can be freed relatively quickly. 

They have freed the rudder as of last night, but the ship is still stuck, and the president of the company that owns the ship said they expect to have it freed by Saturday night. So it's already taken days, and they are indeed making progress, but there's no guarantee this will go as planned, and if something *does* happen, the disruption could potentially last weeks.

Just wondering if anyone else has been watching and thinking about the situation. Maybe someone has some more insight into this?

From an article a few days ago https://www.cnn.com/2021/03/24/middleeast/suez-canal-container-ship-intl-hnk/index.html:

> Re-floating the massive container vessel is "technically very complicated" and could take days, a senior canal pilot at the Suez Canal Authority told CNN.
> The official -- who spoke on condition of anonymity as he's not authorized to speak to the media -- said that the equipment to float a ship is available but it depends on how it is used.
> "If the method is not correct it might take a week, and if it's done well it might take two days. But if it had been correct [in the first place], then the crisis could have ended yesterday," the pilot said.


So i get the impression that this isn't exactly going as well as it should, and it seems like there's a potential play here. Things didn't start out well and call me a cynic but I have a hard time believing leadership when they give such optimistic deadlines, so I'm leaning towards more things going wrong and this potentially disrupting things for weeks. Of course I've got to keep reading up on it and doing more DD, but I was just curious what this community was thinking about this.
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