@@ChiefMAKOi 😆 LOL ABC News out of London, the reporter called the container ship 🚢 A TANKER!!! Maybe his mama took his toy boat 🚢 away from him in the bathtub.
He Is clear because he is talking clear numbers....in math's there is no approximation ! Basically you have to circumvent the entire African continent, to go from Europe to Asia or Vice versa....the Distance and time Trebles !
@mark If he was Mexican he would be talking about how much it would cost to cross the U.S. border. “If you cross from the Laredo entrance it was cost this much in fuel, but if you go around the desert and cross from Tijuana it will cost you this much. All depends on how much tacos are in your truck “.
you can just make sure you use your back to get it off the water.. rent a car... drive to the mediterannean sea.. and that's it :))) or.. even better.. give it away.. get a ticket to cairo and buy another one there! :))))
I am curious if the Suez has a minimum speed. I know the panama canal requires boats to be capable of a minimum speed, mainly for safety so the little boats do not get crushed or cause traffic to get behind schedule.
Not sure how this ended up in my feed, but I clicked nonetheless, and ended up learning some damn interesting factoids about how shipping and our supply chain works and how much it costs. Thank you!
You my friend are a bloody lifesaver, I have a very big game theory presentation due today, and my topic was about Egypt's most optimal options to make sure that no more ships ever get stuck in the canal ever again and I wasted 8 hours of my time to find how much it costs and all the stuff you explained in this video, please keep up the good work and you have gotten a new subscriber.
Don’t forget that at 12.1 days you can go from Istanbul to Mumbai, back to Istanbul, and then return to Mumbai in the time it takes you travel 37.4 days around Africa. I understand I’m not accounting for loads and unloading but over a fiscal year, being able to cut your travel time by 2/3rds really adds up,especially if you run a company like Maersk.
Absolutely correct,,, I bet the costs will be in the millions if you choose to go the long way just from lost profit that you would make over multiple trips in 37 days... forget tolls, fuel, leases (ships and containers) and staff salary.... And I just thought of another one, the faster you can deliver, the more business you will get.
Honestly if 1 ship of a shipping company passes through it even once a week saving nearly a 100k per voyage on the canal, the company saves nearly 5.3 to 5.4 million USD per year.
And thats only a 40,000 tonner, my friend goes though in a 107,000 tonner with oil, 5 pilots , i think it costs close to 250,000 euros , dangerous cargo
on top of 1 Corona Virus Pandemic , 2 Global Economic recession , 3 War on terrorism , this is 4 Suez Canal is blocked crisis ..so now its 4 major world wide disasters going on right now.
Who else on TH-cam could clearly explain such straightforward matter as clearly as the Chief, and without any crazy background tune and unnecessary insertions on editing in under 10 minutes? I salute you, Chief Makoi.
No shit, this guy makes regular videos on the Suez Canal, so when the canal is in the news his videos are also promoted plus you probably watched a bunch of news videos about it.
Thank you, Chief! Very informative video once again. I'm sure a lot of people have never considered all of the factors of shipping costs, such as fuel, ship charter, tolls/charges for canal and/or port usage. It all adds up and eventually affects the prices of everything in every day life, and has done so since mariners first put to sea. I look forward to your next video and learning even more. Calm seas, Sir!!
Dam good stuff Chief, as a Navy Vet I passed through a few times, wish the Discovery Channel or one of the Network come get you, thanks for you inspired insight to seafarers life!
Not to mention that it allows the ship to unload and gain another charter 25 days sooner. Thanks for sharing with us again chief, I always enjoy your observations and insight.
Thank you. What an informative video. I'm "retired", in my 70s a tutor math and science at a community college. The calculations in this video would make a great assignment for a spreadsheet. Students could see how a spreadsheet can be applied to a real world problem. A lot of possibilities.
Thanks for that Chief. I've quite often wondered about this but never really went to the trouble to sort it out. Thanks to you I don't have to now. Lazy sod I'm afraid.
Copy that shipmates...the Gulf of Guinea transit is also an experience all to its own. Have the fire hoses, electronic noisemakers and anti-boarding barriers at the ready. Carry on!
Yeah definitely it's time and money saving way to go through Suez canal . Awesome video and thanks for sharing this detail with us ! May God be with you and keep you and your crew safe !
who else here realizes that TH-cam recommends this video to everybody BECAUSE of that incident? Also, who else here doesn't care what videos strangers watch?
Chief, your videos are always so well thought out and researched so well. I always enjoy them. As a pipe welder and fitter in a he USA, I enjoy going into the different plants to see how things are made. I also drove trucks for a number of years so I know that aspect of goods transportation and it’s always so nice to see other places that are involved in getting goods from one place to another. Prayers for you and the crew for safe voyages until you are able to go home again
Amazing perspective for those of us following the current situation. Quickly become my favorite Channel to watch. About to go into shipping but on the Great Lakes
I worked as accts payable. You need to pay in advance otherwise the ship wont pass. Around 20 100k ton container ships per week - any idea how much it costs? 😂. Discounts come after a while, imagine the pain in reconciling the payments. 🤢
Was stationed at Sharma el sheikh in Sinai in early 80s. Loved to see all the ships pass by at night under the stars in the desert. One of my fondest of memories.
@@asurvivor6150 If you are facing out over the Red Sea from the gate coming into the U.N. base at Sharm el Sheikh you can see for miles. Anything that passes through the Suez Canal can be seen passing to your right. Just to let you know I been there. I drove a fuel truck from the base there to Eilat twice a week in early 80s.
@@markberryhill2715 ok I’ll take your word for it, but I’ve been there twice and never saw any container ships; Only small yachts. I was probably more to the east so it wasn’t possible to see the ships
Thank you for that information, you give us a good idea on the difference in cost on passing thru sues and not. I see why those 300 plus ship decided to wait and a see instead of taking the long route. Thank you again I am in the shipping for almost 40 years nice to hear jim
Wow, never realized the actual costs involved in moving cargo with these big ships. I knew they used lots of fuel, but didn't realize it was that much. Cool video, thanks! :)
Awesome job Chief !!! Thanks for posting this information from your truly knowledgeable perspective! Fair Winds and Following Seas to you and your crew !
I think what’s going un-noticed and deserves more respect than all his knowledge of shipping is that it appears he’s wearing a jersey heavy wool (itchy scratchy) jumper without a shirt on! What a trooper
Thanks chief... as an over-the-hill third engineer relegated to domestic waters, it’s nice to see the world out there goes on. Perhaps I’ll renew my STCW and travel after I retire from this gig.
The Suez has been in the interest of world after a long time! Thank you EVERgreen and EVERgiven for highlighting Suez again for EVERy minute of time and thank you Indian crew for EVERything they had to face these 7 days. Thank you Chief MAKOi for this wonderful information. One should nEVER doubt his information! EVER!
The salvage guy called it Evergreen in the beginning, the map shows Evergreen but then later in the video he called it the Ever given & the map then called it ever given. Go Figure!!
I've been retired from Merchant Marine life for 10 years but in the 7 or 8 times I went through the canal on merchant ships, the cost always included at least 15 cartons of US cigarettes in addition to the transit fee. Cigarettes are part of doing business in many parts of the world.
Very interesting info, Chief. Many thanks for this clear explanation! I believe the Ever Green carries about 20,000 containers and the approximate cost of shipping a 20 foot container is approximately $1,000 USD. If these figures are correct (I'm not an expert in this field), but wouldn't a transit generate about $20M USD? Against costs of $326K USD plus other expenses like insurance etc, it still looks like a rather profitable adventure. What are your thoughts on these figures, Chief Makoi? Thank you and much respect to you sir.
I like watching your videos on ship operations. I've never been on any ship before. I live in California. You have an easy going manor about you. I don't know why, but I think this guy could be my friend. Keep up the good work. Thanks
In supply chain management there is a hard per-day cost associated with inventory. Because the company has to invested working cash in the inventory that money cannot be used for anything until the product is sold and paid for, so generally that lost cost is the annual return rate of the next best investment. It is why lightweight high value product like top model phones generally go as air cargo. (setting aside the first batch of a new release, which is time sensitive for marketing reasons) To be even more clear the time includes time on the shelf, which brings us to what can often be more important, at least for medium tier products. That is the reliability of shipping times. If total order to restock time varies by +-6 days then the stores all need to keep enough inventory to cover both the time between normal weekly deliveries and an extra 6 days, and have room to store a week plus 12 days in the event delivery is 6 days early. Which can become a lot of space for product as well as excess inventory. In other cases that may be a replacement part and the company has some broken machine stopping up a whole factory that normally puts out $20,000 per hour in product and employees wages.
Thank you so much for the info Chief. Good to see your video again. Look forward to seeing more videos from you if you have time. Take care and cheers. :-)
Thanks, Chief! I found the toll estimator I'd guess Canal tolls provides a LARGE portion of the Egyptian annual budget... I'm going to chase down the Panama Canal tolls next! Thank you for all your hard work in these videos, especially an the end of a long day. You've got a big responsibility. If you can save 2 tons of fuel a day, you've saved the operators a Lot of money over the voyage!
Algorithm shows me this video after the Suez Canal gets blocked by one of the world largest container ships for the past 3 days. The cost of blocking that canal is almost half a billion dollars per hour in traffic jams.
Its actually required that you bribe the Egyptian pilots with 4-5 cartons of American cigarettes. If you don't they will literally never bring your ship through. Also the reason pirates go for cargo ships so often is because they have to carry 2-3 million dollars on board at all times for bribe and gas money.
Not necessarily, YOU probably bought a product for less cost than if it had used a different transit means, Do try to not be so quick with the lip: a tragic & ubiquitous problem these days.
3/27/21, Everclear is stuck in Suez canal so yur video on time & $ saving via Suez was super informative. Love yur channel & yur photography, & yur calm conversational delivery of soo many details is very interesting to watch. Thank you for telling all of us (non marine) viewers what you & crew members are experiencing. Hope you stay safe & get home to yur family as soon as possible.👨🔧🍷
Ola chief makoy!! your channel is very good !! im in Brazil and see your videos every day, they help me to learn english and somethings about ship, that i like !! huges from Brazil
That was a good representation of the costs of travel. The same can be said of the Panama Canal, it costs approximately $110,000 for a cruise ship to transit the "old" Panama Canal, I don't have figures for the new locks. Good Job Chief Makoi.
Chief Makoi I think this is the right time you gonna do Suez Canal video Part 2 whatever is the subject is. (Ex subject is a tidbits tour around Suez Canal).. its good for your channel. Am looking fwd of it..
I'm trying to imagine how much extra it'll cost so many ship owners/freighters if they have to go around Africa as a result of the blockage of the Suez Canal. Humongous!😭
The reporters are bots, the Evergiven? I read
E V E R G R E E N. the reporters either cannot read, or they just dont care. How ignorant!
Evergreen is the company name. EVER GIVEN is the ship's name. 😄
Thanks for clearing that fact up. 😮 being from the US, dont trust MSM these days to get facts straight!
@@ChiefMAKOi 😆 LOL ABC News out of London, the reporter called the container ship 🚢 A TANKER!!!
Maybe his mama took his toy boat 🚢 away from him in the bathtub.
The name of the shipping company is Evergreen.
The ships are called Evergiven evergolden etc
@@magicalgibus3006 BIG DIFFERENCE between a TANKER and a CONTAINER SHIP 🚢
i am not in shipping business nor a seaman but this man is so interesting to watch and explains things very clearly. sub.
My thoughts exactly.
Welcome aboard fly. You're gonna like it here.
Credit to Philippines education system. Thank you for all the nurses and shipping crew
We know who's sucking who.
seaman :D :D :D
This guy is so clear an concise I could listen to him on any subject.
He Is clear because he is talking clear numbers....in math's there is no approximation ! Basically you have to circumvent the entire African continent, to go from Europe to Asia or Vice versa....the Distance and time Trebles !
@mark Filipino. He is a great guy.
@mark If he was Mexican he would be talking about how much it would cost to cross the U.S. border. “If you cross from the Laredo entrance it was cost this much in fuel, but if you go around the desert and cross from Tijuana it will cost you this much. All depends on how much tacos are in your truck “.
@mark no mate, he's welsh,,,,,
Toll calculation for a kayak comes out to $6981.24 in case you ever want to row the Suez Canal
I now wonder if you could get assistance from a tug for a kayak.
@@danteblankenship6213 for 6 grand they better!
you can just make sure you use your back to get it off the water.. rent a car... drive to the mediterannean sea.. and that's it :))) or.. even better.. give it away.. get a ticket to cairo and buy another one there! :))))
Kinda fun video idea.
I am curious if the Suez has a minimum speed. I know the panama canal requires boats to be capable of a minimum speed, mainly for safety so the little boats do not get crushed or cause traffic to get behind schedule.
I just discovered you a few days ago and I'm ADDICTED to your videos right now. Keep up the great work! Love seeing your perspective on life at Sea
same here lol
me too
I'm in the same boat lol.
Incredibly informative. You provide a window into a part of the world that the vast majority of us would never otherwise see.
agreed!
Not sure how this ended up in my feed, but I clicked nonetheless, and ended up learning some damn interesting factoids about how shipping and our supply chain works and how much it costs. Thank you!
So true. I subscribed even though I have no interest in shipping
Yes, exactly! Im always interested in this kind of thing. Never considered ANY of that stuff! So interesting!
He’s got a great channel, you learn lots
You my friend are a bloody lifesaver, I have a very big game theory presentation due today, and my topic was about Egypt's most optimal options to make sure that no more ships ever get stuck in the canal ever again and I wasted 8 hours of my time to find how much it costs and all the stuff you explained in this video, please keep up the good work and you have gotten a new subscriber.
The best presenter on you tube--knowledgeable, clear, concise with a little light humor.
Good to sail with you again Chief. Love the practical details and real life glimpse.
This channel is about to blow up. At least some good will come of the ship being stuck in the canal.
I thought by this channel blowing up that you meant the Suez Canal being blown up and becoming wider.
@@bluthgold533 🤣
If the Chief's channel blows up over this it'll be at least one good thing to come of it. It's a great channel and deserving of some reward.
@@carlmanvers5009 thats right, if the chief were a company, he is a 'buy'
I'm picturing standing on the bridge wing, throwing a lot of quarters in the basket at the canal toll booth. 🤦♂️
"Someone needs to go back and get a shitload of dimes!"
😂😂😂😂
🚢🎫💰💰💰😁
@@Hybris51129 , one of the greatest movies of all time!
@@Hybris51129 I have done a quick calculation and in this case a shitload is about 2.85 Metric tonnes of quarters.
perfect timing for this video
Nov 7 of last year?
@@RelativeWind perfect timing to watch it bud
@@thisisnyx time machine.ok
Don’t forget that at 12.1 days you can go from Istanbul to Mumbai, back to Istanbul, and then return to Mumbai in the time it takes you travel 37.4 days around Africa.
I understand I’m not accounting for loads and unloading but over a fiscal year, being able to cut your travel time by 2/3rds really adds up,especially if you run a company like Maersk.
Yep the savings on interest on the value of the cargo alone might pay for the toll.
Turnaround time when looked at on an annual basis is the final decider
Also massive amounts saved in maintenance by using the shorter trips.
Absolutely correct,,, I bet the costs will be in the millions if you choose to go the long way just from lost profit that you would make over multiple trips in 37 days... forget tolls, fuel, leases (ships and containers) and staff salary.... And I just thought of another one, the faster you can deliver, the more business you will get.
There's also alot of risks from pirates along the long route at the cape of good hope.
It's funny how $100k sounds like a good deal after being shocked by the $200k+ initial price.🤣
Yeah, kinda changes your perspective on "a lot of money", huh? :)
It was $200,000, but for you, I'll do $199,999
Honestly if 1 ship of a shipping company passes through it even once a week saving nearly a 100k per voyage on the canal, the company saves nearly 5.3 to 5.4 million USD per year.
And thats only a 40,000 tonner, my friend goes though in a 107,000 tonner with oil, 5 pilots , i think it costs close to 250,000 euros , dangerous cargo
on top of 1 Corona Virus Pandemic , 2 Global Economic recession , 3 War on terrorism , this is 4 Suez Canal is blocked crisis ..so now its 4 major world wide disasters going on right now.
Who else on TH-cam could clearly explain such straightforward matter as clearly as the Chief, and without any crazy background tune and unnecessary insertions on editing in under 10 minutes? I salute you, Chief Makoi.
So this is recommended to me the day a ship got stuck in suez, nice!
Me too
seems to me its been recommended within a few days. normally it takes 8 or 9 years
No shit, this guy makes regular videos on the Suez Canal, so when the canal is in the news his videos are also promoted plus you probably watched a bunch of news videos about it.
To me as well
Miserable Indian crew on board Ever Given says it all 😂😂😂👎🏼👎🏼
That was a real insight into ship costs. Great to see it in hard numbers.👍🏴🇳🇱😁
So now we know why the Evergiven captain wanted to make a U turn after they told him the prices
thank for the LOL
Lmao
right this Guy was trying a u turn
It’s her. ...not him
LOL of the decade😁
Thank you, Chief! Very informative video once again. I'm sure a lot of people have never considered all of the factors of shipping costs, such as fuel, ship charter, tolls/charges for canal and/or port usage. It all adds up and eventually affects the prices of everything in every day life, and has done so since mariners first put to sea. I look forward to your next video and learning even more. Calm seas, Sir!!
dont forget the additional costs for mercenaries if you pass through somalian waters
This is something I have never ever wondered about but strangely I feel so much smarter for having heard it. Thank you I think.
by far the best video on youtube when it come to suez canal costs , thank you
Chief MAKOi, you’ve made this video 4 months ago, and its even more relevant today. 👍 👨🏻🔧⚓️
Dam good stuff Chief, as a Navy Vet I passed through a few times, wish the Discovery Channel or one of the Network come get you, thanks for you inspired insight to seafarers life!
that is a good idea indeed James!
There is a heavily discounted rate of $0 going on right now.
The catch is, you don't get to go through it at all.
As an added bonus, if you've ever wanted to work for Evergreen, there's never been an easier time to jump ship.
Not to mention that it allows the ship to unload and gain another charter 25 days sooner. Thanks for sharing with us again chief, I always enjoy your observations and insight.
Thank you. What an informative video. I'm "retired", in my 70s a tutor math and science at a community college. The calculations in this video would make a great assignment for a spreadsheet. Students could see how a spreadsheet can be applied to a real world problem. A lot of possibilities.
Thanks for that Chief. I've quite often wondered about this but never really went to the trouble to sort it out. Thanks to you I don't have to now. Lazy sod I'm afraid.
Chief is very good, clear, concise and informative.
I don't even know where I would use this info, but it was fascinating and I was riveted till the very end!
This is the most enjoyable maths lesson I’ve had for a long long time! 😀
The Evergiven is costing ships millions a day, but at least on the upside, this guy is getting some ad revenue 😂
All those idled ships aren't burning fuel, their biggest expense.
@@rickpaulos don't they get charged by the canal authorities?
@@vigilante9259 I think they only get charged once they go through the canal
By Og you are so right - I just cannot resist hiring a tanker or contaier ship for a month or so and running thru the SC a v=few trips.
Greetings to you chief, I can watch you videos for hours, you truly are a people person .
And you avoid the westcost of africa with some sailors showing the Jolly Roger.
🏴☠️🏴☠️🏴☠️
Copy that shipmates...the Gulf of Guinea transit is also an experience all to its own. Have the fire hoses, electronic noisemakers and anti-boarding barriers at the ready. Carry on!
The first video I saw on this channel was the one about pirates. hehehe
@@chuckboyle8456 Now we need a gulf of guinea vlog
Yeah definitely it's time and money saving way to go through Suez canal . Awesome video and thanks for sharing this detail with us ! May God be with you and keep you and your crew safe !
Who came here after watched ever given stuck in Suez Canal
It’s recommended.
algorithm doing its job
Here! After watching EverGiven unstuck today!
who else here realizes that TH-cam recommends this video to everybody BECAUSE of that incident?
Also, who else here doesn't care what videos strangers watch?
Chief, your videos are always so well thought out and researched so well. I always enjoy them. As a pipe welder and fitter in a he USA, I enjoy going into the different plants to see how things are made. I also drove trucks for a number of years so I know that aspect of goods transportation and it’s always so nice to see other places that are involved in getting goods from one place to another. Prayers for you and the crew for safe voyages until you are able to go home again
Glad to hear your next journey and alleviates me being a mother of seafarer like you. Keep it up!
Amazing perspective for those of us following the current situation. Quickly become my favorite Channel to watch. About to go into shipping but on the Great Lakes
If ever the Suez canal runs at a loss, this would be the highest level of incompetence from the operators.
no just a great case of poorly managed corruption
Mind you the running costs would be substantial! (Constant dredging for a start...)
@@trooperdgb9722 Exactly. There is a lot of operating costs operating a canal.
@@KB4QAA
Yeah, but they could literally double their fee and it would still be a good deal for most ships.
Should let Donald Trump run it for a year
THANK YOU FOR THIS! Exactly what I was looking for!
Big shipping companies like maersk must get a big discount on the fee since they transit with ships every day
I believe they do.
And don't pay Marlboro as well!
@@ChiefMAKOi Who pays for the return trip? Or do they just wait around in port for another job?
I worked as accts payable. You need to pay in advance otherwise the ship wont pass. Around 20 100k ton container ships per week - any idea how much it costs? 😂.
Discounts come after a while, imagine the pain in reconciling the payments. 🤢
@@markman613 ship will never be empty. It’s at sea it has cargo it makes money.
The best channel to know lot about life at sea. Thanks man.
Was stationed at Sharma el sheikh in Sinai in early 80s. Loved to see all the ships pass by at night under the stars in the desert. One of my fondest of memories.
Nah, there's no way. I've been to Sharm el sheikh and you can't see ships from there
@@asurvivor6150 If you are facing out over the Red Sea from the gate coming into the U.N. base at Sharm el Sheikh you can see for miles. Anything that passes through the Suez Canal can be seen passing to your right. Just to let you know I been there. I drove a fuel truck from the base there to Eilat twice a week in early 80s.
@@markberryhill2715 ok I’ll take your word for it, but I’ve been there twice and never saw any container ships; Only small yachts. I was probably more to the east so it wasn’t possible to see the ships
Thank you for that information, you give us a good idea on the difference in cost on passing thru sues and not. I see why those 300 plus ship decided to wait and a see instead of taking the long route. Thank you again I am in the shipping for almost 40 years nice to hear jim
Wow, never realized the actual costs involved in moving cargo with these big ships. I knew they used lots of fuel, but didn't realize it was that much.
Cool video, thanks! :)
Awesome job Chief !!!
Thanks for posting this information from your truly knowledgeable perspective!
Fair Winds and Following Seas to you and your crew !
I think what’s going un-noticed and deserves more respect than all his knowledge of shipping is that it appears he’s wearing a jersey heavy wool (itchy scratchy) jumper without a shirt on! What a trooper
Very well explained. I travelled through the Suez on a small cruise ship. I seem to remember they paid about £150,000.
Thanks chief... as an over-the-hill third engineer relegated to domestic waters, it’s nice to see the world out there goes on. Perhaps I’ll renew my STCW and travel after I retire from this gig.
Thank you for this great summary about the Suez Canal. It's something nobody has ever made public
😱 wow who knew. Thanks for posting
Great statistics for a person (me) who has no clue . I enjoy the detail you continue to provide. Thank you.
How much is the fee if i get stuck diagonally while blocking the entire canal traffic? Asking for a friend
Billions
🤣😂
..and a nice little increase to your premiums, Sir!
£27.50 per day
A shit tons of money
Language by proper pronunciation conveys the real meaning intended, and this gentleman excel in his empirical explanation.
Well done , Egyptian passed from here , viva Egypt 🇪🇬❤️
The Suez has been in the interest of world after a long time! Thank you EVERgreen and EVERgiven for highlighting Suez again for EVERy minute of time and thank you Indian crew for EVERything they had to face these 7 days. Thank you Chief MAKOi for this wonderful information. One should nEVER doubt his information! EVER!
I'm here because of the Ever Given got stuck!!
Evergreen
The salvage guy called it Evergreen in the beginning, the map shows Evergreen but then later in the video he called it the Ever given & the map then called it ever given. Go Figure!!
Never given
@@randymartosoewito7892 haha now they're going to change the ship's name to everstuck 😅😅
why do silly people say/report Ever Given when EVERGREEN is clearly visible on the ship's side
Port Said was my dad's regular route. Thank you for the Vlog. This brings back memories of my dad and his stories from his time at sea.
I've been retired from Merchant Marine life for 10 years but in the 7 or 8 times I went through the canal on merchant ships, the cost always included at least 15 cartons of US cigarettes in addition to the transit fee. Cigarettes are part of doing business in many parts of the world.
Good points to get a good idea of what is going on in the shipping industry
Been through it twice on the USS Eisenhower. Amazing!!!
A real eye-opener. Thanks for sharing this Chief!
Also consider this: passing through Suez, the ship might get another (paid!) voyage after say, 15 days, instead of say, 40 days.
Very informative. Chief, your videos just keep getting better. Kudos!
I appreciate that!
Very interesting info, Chief. Many thanks for this clear explanation! I believe the Ever Green carries about 20,000 containers and the approximate cost of shipping a 20 foot container is approximately $1,000 USD. If these figures are correct (I'm not an expert in this field), but wouldn't a transit generate about $20M USD? Against costs of $326K USD plus other expenses like insurance etc, it still looks like a rather profitable adventure. What are your thoughts on these figures, Chief Makoi? Thank you and much respect to you sir.
I like watching your videos on ship operations. I've never been on any ship before. I live in California. You have an easy going manor about you. I don't know why, but I think this guy could be my friend. Keep up the good work. Thanks
not only is it big $ savings, but as always in shipping time is the essence, receivers of cargo want it yesterday
Hey, another niche for Amazon Prime!
In supply chain management there is a hard per-day cost associated with inventory. Because the company has to invested working cash in the inventory that money cannot be used for anything until the product is sold and paid for, so generally that lost cost is the annual return rate of the next best investment. It is why lightweight high value product like top model phones generally go as air cargo. (setting aside the first batch of a new release, which is time sensitive for marketing reasons)
To be even more clear the time includes time on the shelf, which brings us to what can often be more important, at least for medium tier products. That is the reliability of shipping times. If total order to restock time varies by +-6 days then the stores all need to keep enough inventory to cover both the time between normal weekly deliveries and an extra 6 days, and have room to store a week plus 12 days in the event delivery is 6 days early. Which can become a lot of space for product as well as excess inventory.
In other cases that may be a replacement part and the company has some broken machine stopping up a whole factory that normally puts out $20,000 per hour in product and employees wages.
I always learn something new from each of your video's.. Keep up the great work and good to see you are safe! Thankyou.
wassup chief! did you get a new camera?, the video looks amazing!
Thank you so much for the info Chief.
Good to see your video again.
Look forward to seeing more videos from you if you have time.
Take care and cheers. :-)
I’m sitting in my hunting shack watching this it’s opening day of gun season here in Mi windy raining
Thanks, Chief! I found the toll estimator I'd guess Canal tolls provides a LARGE portion of the Egyptian annual budget... I'm going to chase down the Panama Canal tolls next! Thank you for all your hard work in these videos, especially an the end of a long day. You've got a big responsibility. If you can save 2 tons of fuel a day, you've saved the operators a Lot of money over the voyage!
Algorithm shows me this video after the Suez Canal gets blocked by one of the world largest container ships for the past 3 days. The cost of blocking that canal is almost half a billion dollars per hour in traffic jams.
As usual another great video thank you Chief; Retired SCPO USN
Imagine the level of corruption going on with that amount of money being exchanged.
The wealthy live in a different world.
Its actually required that you bribe the Egyptian pilots with 4-5 cartons of American cigarettes. If you don't they will literally never bring your ship through. Also the reason pirates go for cargo ships so often is because they have to carry 2-3 million dollars on board at all times for bribe and gas money.
@@Blind_Bandito I can confirm the cigarrette bribes to the pilot.
Well a ship *container ship* with 12000TEU costs 105 Millions, so it's just normal for that much of money invested during transit.
Always learn something new from your channel Chief! Thanks you!
My pleasure!
So the end result is the Suez canal saves everybody money, and that savings is passed on to us as consumers
Not necessarily, YOU probably bought a product for less cost than if it had used a different transit means, Do try to not be so quick with the lip: a tragic & ubiquitous problem these days.
3/27/21, Everclear is stuck in Suez canal so yur video on time & $ saving via Suez was super informative. Love yur channel & yur photography, & yur calm conversational delivery of soo many details is very interesting to watch. Thank you for telling all of us (non marine) viewers what you & crew members are experiencing. Hope you stay safe & get home to yur family as soon as possible.👨🔧🍷
Hi Chief! Keep safe always. God Bless
putrid mythology
Ola chief makoy!! your channel is very good !! im in Brazil and see your videos every day, they help me to learn english and somethings about ship, that i like !! huges from Brazil
Glad to hear that!
Watching this after the Ever Given f*ck*d it up, and blocked the entire channel. I wonder what they will have to pay. 😲
@Del Monte may i know they pay for what?
All those queuing should get a 100% discount for 12 months.
E V E R G R E E N
@@vickywhitesell5261 ever given is the name of the ship. Evergreen is the name of the company.
also wonder if the evergiven was the problem or the pilot or the captain.
Fantastic video! Thank you for taking the time to make these.
At this time, it looks tike one huge ship will be charged monthly rent..if they can't move it soon.
Thanks, learned a lot. Had the pleasure of going north bound after Petra a couple of years ago. Both were excellent experiences 👍
Using the Suez toll calculator on the Ever Given: add $1 million per day for staying in the canal, blocking other ships...
What about other ships it’s a domino effect do each get charged for blocking the one behind it ?
Thanks for taking the time chief , very informative 👍🏻
We need a Suez canal part 2.
A spare canal.
Use in emergencies only.
Americans are probably “on it.”
Kid now a day. Really!
That was a good representation of the costs of travel. The same can be said of the Panama Canal, it costs approximately $110,000 for a cruise ship to transit the "old" Panama Canal, I don't have figures for the new locks. Good Job Chief Makoi.
Anyone else get recommended this after the Evergiven ship blocked the canal? 😂😂😂
The ship that blocked Suez is not named "Ever Green" but "Ever Given"...
Everyone. TH-cam recommends this video to everyone because of that incident.
Thanks for feeding up information like this it is very useful to all seamen throughout the world
My guestimate was close-- I predicted you'd be passing through the Suez this weekend
Common sense.
Chief Makoi I think this is the right time you gonna do Suez Canal video Part 2 whatever is the subject is. (Ex subject is a tidbits tour around Suez Canal).. its good for your channel. Am looking fwd of it..
I’ve always wondered about this!
I always wondered about the cost savings aspect of this. Thanks Chief!
Any time!
How about the Panama Canal? I would love to know about it as well
He did a vid 3 years ago u mite wana check it out
OUTSTANDING VIDEO! you explain things so very well - you are the best! Thanks!
"Earth provides enough to satisfy every man's needs, but not every man's greed." - Mahatma Gandhi
that is so true, imagine the world without greedy people
@@moonjimunji7916 Never mind greed, there are evils in people that you should be worried about.
This was irrelevant to me a couple days ago but its great to know the costs thank you and good luck Makoi
I'm trying to imagine how much extra it'll cost so many ship owners/freighters if they have to go around Africa as a result of the blockage of the Suez Canal. Humongous!😭
No wonder they're all hanging around.
They will not risk it due to Somalian pirates.