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Mr. Nice! posted:While the canal is unclogged, the saga is far from over for Ever Given. It's been anchored in the lake just north of the canal section it was stuck in since it's been freed. There's slapfighting about the damages caused by the ship and whether the owners of the ship and the cargo are going to come pay for it or not. what damage was caused? didn’t it just get stuck in the mud? or do you mean damages in the general sense
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Mar 30, 2021 18:50
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indigi posted:what damage was caused? didn’t it just get stuck in the mud? or do you mean damages in the general sense damages in the legal sense not physical although there may be some physical damage to part of the canal that requires work/dredging. the canal authority alone lost millions in fees that ships would have paid in the week that the canal was shut down.
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Mar 30, 2021 18:55
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Won't someone think about the lost fees
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Mar 30, 2021 18:58
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It'll go to GA and everyone involved is going to eat poo poo and it's going to be very funny.
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Mar 30, 2021 18:59
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Mr. Nice! posted:damages in the legal sense not physical although there may be some physical damage to part of the canal that requires work/dredging. landlord poo poo
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Mar 31, 2021 15:25
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billions in passive income, like dust in the wind 
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Mar 31, 2021 15:26
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yeah loving governments charging for the use of public infrastructure
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Mar 31, 2021 16:22
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you know what the biggest landlord is? the federal government. refusing to pay taxes is as moral as a rent strike
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Mar 31, 2021 16:23
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crazy eyes mustafa posted:landlord poo poo beyond the landlord damages, there are also the damages suffered by every other vessel that had 1-2 weeks added onto transit time and all of the subsequent damages that flow from that.
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Mar 31, 2021 16:58
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What's up with that? You'll cowards don't even block canals.
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Mar 31, 2021 17:21
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Mr. Nice! posted:beyond the landlord damages, there are also the damages suffered by every other vessel that had 1-2 weeks added onto transit time and all of the subsequent damages that flow from that. yeah there’s damages and there’s “damages”, what was done to the canal (which the company should pay for) or the extra $ in wages and fuel incurred, vs the gamblers accounting of money that was “lost” ie money that just wasn’t made because the poo poo wasn’t where it was supposed to be in order to get sold. it’s an important distinction that consistently gets lost when talking about stuff like this not sure how the canal operators are missing out on fees from ships that didn’t pass through it. you pay to use the canal, else incur the expense of going round agulhas. the companies decided their own level of involvement of whether to wait for it to open or make the longer trip, where does the money come from to pay the canal authority for a ship that’s going around africa? that’s the “lost” money- nobody had it so how could they lose it?
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Mar 31, 2021 18:21
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the great thing about declaring bankruptcy as a company or really anything other than a human being is when you owe zillions of dollars you basically get to say gently caress you I don’t have any that is if you could even prove any meaningful negligence, the thing lost power and blew into the side- where does the pilot who worked for the authority fit in to the liability equation? if human error can be conclusively ruled out (is an egyptian judge or court more likely to do that?) there might be an angle regarding ships maintenance but do they do any kind of check at either side to ensure it’ll run the whole way, or does the canal assume because they made it that far from their last port or call that they’re good to make it all the way through?
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Mar 31, 2021 18:28
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sounds like there are risks to running a canal
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Mar 31, 2021 18:32
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the Suez Canal Authority's policies declare that the captain of a ship is ultimately responsible for anything that happens during their transit of the canal, and that the pilots are not liable or responsible for any problems everyone involved is gonna be making claims to insurance companies, which will then fight to the death to pin the blame on someone else. most cargo insurance policies refuse to compensate delays, but not all also, traditionally in issues where a cargo ship suffers a major unexpected cost or loss of cargo, an element of traditional maritime law called General Average can be invoked, in which costs are spread across everyone who had a stake in the cargo ship unless someone can prove a certain degree of negligence or outright misconduct on the part of one party. the funny part here is that "everyone who had a stake in the cargo ship" includes literally everyone who had cargo on the ship. every single company that owned any of those 20,000 containers could potentially find themselves forced to pay a share of the costs of dislodging and refloating the ship
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Mar 31, 2021 19:10
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someone is going to have to go into a dusty archive with a lantern and dig out some vellum maritime law scrolls
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Mar 31, 2021 19:54
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if only the canal had read Karl Marx
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Mar 31, 2021 20:16
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that’s canalpitalism for you
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Mar 31, 2021 20:19
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crazy eyes mustafa posted:that’s canalpitalism for you Ur heart was in the right place
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Apr 1, 2021 02:59
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Main Paineframe posted:the Suez Canal Authority's policies declare that the captain of a ship is ultimately responsible for anything that happens during their transit of the canal, and that the pilots are not liable or responsible for any problems Fart Car '97 has issued a correction as of 03:04 on Apr 1, 2021 |
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Apr 1, 2021 03:02
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https://twitter.com/disclosetv/status/1379393165401133056?s=19 LET'S loving GO
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Apr 6, 2021 14:12
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crazy eyes mustafa posted:the great thing about declaring bankruptcy as a company or really anything other than a human being is when you owe zillions of dollars you basically get to say gently caress you I don’t have any the difference between this and a standard bankruptcy is there is a ship full of cargo to seize and sell to make up for the insolvency of the liable party. in case no one has looked lately, the ever given is still anchored in the lake in the middle of the canal. she isn't going anywhere until the bills are paid.
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Apr 6, 2021 14:27
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SEND MORE BOATS
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Apr 6, 2021 14:30
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Apr 6, 2021 14:38
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Mr. Nice! posted:beyond the landlord damages, there are also the damages suffered by every other vessel that had 1-2 weeks added onto transit time and all of the subsequent damages that flow from that. "Damage"
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Apr 6, 2021 14:42
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more and more people are running their tankers aground. it is cool, it is hip, and if you are not doing so you are a square
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Apr 6, 2021 15:06
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This is after this earlier one had resolved: https://twitter.com/zerohedge/status/1379383293435609089?s=19
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Apr 6, 2021 15:07
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I am become boat, destroyer of commerce
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Apr 6, 2021 15:15
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twoday posted:This is after this earlier one had resolved: "De ja vu all over again?"
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Apr 6, 2021 15:17
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Oh man, is this gonna become like Doomsday Economics where we chew our fingernails watching maritime traffic go through the canal and declare The End Of Capitalism whenever someone's boat stalls?
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Apr 6, 2021 15:54
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we should crowed source our own goon boat and get it stuck ourselves
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Apr 6, 2021 15:57
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basically every thread in C-SPAM is dedicated to seeing whether X can wriggle his/her/its way out of this jam
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Apr 6, 2021 15:57
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Drunkboxer posted:we should crowed source our own goon boat and get it stuck ourselves The S.S. Grover Schooner
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Apr 6, 2021 15:58
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Flavius Aetass posted:basically every thread in C-SPAM is dedicated to seeing whether X can wriggle his/her/its way out of this jam
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Apr 6, 2021 16:00
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How often, prior to Ever Given, did a ship stall out at the Suez?
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Apr 6, 2021 16:01
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samantonio posted:How often, prior to Ever Given, did a ship stall out at the Suez? it was never newsworthy before. maybe some of those boats weren't maintained to pause their journey for ~a week, so now every hiccup is "will the artery block again" sensationalism. it would be funny poo poo though.
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Apr 6, 2021 16:09
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double nine posted:it was never newsworthy before. Global trade dies of a heart attack is gonna be a fantastic headline.
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Apr 6, 2021 16:17
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All that oil is high in cholesterol. Capitalism needs to watch its diet.
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Apr 6, 2021 16:18
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but the future is so delicious
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Apr 6, 2021 16:58
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brb, checking if predictit has a market for how many ships will halt traffic in the canal this week
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Apr 6, 2021 17:32
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Flavius Aetass posted:basically every thread in C-SPAM is dedicated to seeing whether X can wriggle his/her/its way out of this jam There are only three posts: a stranger shows their rear end a person makes a tweet a jam is wiggled out of
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Apr 6, 2021 18:25
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