Tug boats managed to move the giant vessel 29 meters yesterday. However, there is no specific time for the float and may require the reduction of load as a scenario. The daily losses are up to USD 14mn per day of the channel’s revenues and around 321 ships stuck waiting for the crossing. It is also worth noting that oil prices rose more than 4% on Friday on worries global supplies of crude and refined products could be disrupted for weeks. In a related context, the Sumed line exploits the situation and seeks to transport crude oil in light of the Suez Canal crisis.