Egyptian authority refloats stranded ship in Suez Canal

STORY: Egyptian authority refloats stranded ship in Suez Canal DATELINE: May 25, 2023 LENGTH: 0:01:03 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Suez Canal waterway 2. various of the shop refloated (from the Suez Canal Authority) STORYLINE: The Suez Canal Authority (SCA) in Egypt on Thursday refloated a ship grounded in the world's busiest artificial waterway, according to an SCA statement. "Three tugboats refloated a large ship that had been stranded in the Suez Canal," the SCA said. The SCA rescue team managed to deal with an emergency breakdown in a XIN HAI TONG 23, a 190-meter bulk carrier near the southern end of the canal from Saudi Arabia. The Suez Canal is a major lifeline for global seaborne trade. Some 12 percent of the world trade volume passes through the artificial canal, a major source of hard currency in Egypt. In 2021, a 400-meter container ship, Ever Given, was grounded in the Suez Canal for nearly a week, disrupting global trade. Xinhua News Agency corr