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auntylike
2021-03-24
i. think
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auntylike
2021-03-24
no
Can Olo Eat the Restaurant Market?
auntylike
2021-03-24
$Allied Esports Entertainment, Inc.(AESE)$
bnnb
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think","listText":"i. think","text":"i. think","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351854368","repostId":"1184343135","repostType":4,"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351855726,"gmtCreate":1616588392365,"gmtModify":1704796029966,"author":{"id":"3550806293626134","authorId":"3550806293626134","authorIdStr":"3550806293626134","name":"auntylike","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3550806293626134"},"themes":[],"htmlText":"no","listText":"no","text":"no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351855726","repostId":"1133589425","repostType":4,"repost":{"id":"1133589425","pubTimestamp":1616585594,"share":"https://ttm.financial/m/news/1133589425?lang=&edition=fundamental","pubTime":"2021-03-24 19:33","market":"us","language":"en","title":"Can Olo Eat the Restaurant Market?","url":"https://stock-news.laohu8.com/highlight/detail?id=1133589425","media":"Motley Fool","summary":"How this software-as-a-service business is helping power digital orders across the country.\nOlo (NYS","content":"<p>How this software-as-a-service business is helping power digital orders across the country.</p>\n<p><b>Olo</b> (NYSE:OLO), whose name is short for online ordering,went public last week, quickly topping a $4 billion valuation. The platform is designed to help restaurants customize and manage their entire digital ordering process. But despite seeing massive adoption due to the pandemic, Olo still appears to be in its infancy. Let's take a look at why its future is so bright.</p>\n<p><b>What does Olo do?</b></p>\n<p>Olo doesn't just target mom-and-pop shops -- it also attracts larger restaurant chains like <b>Wingstop</b>,<b>Shake Shack</b>,<b>Cheesecake Factory</b>, and plenty more. Large restaurant chains need scalable yet personalized solutions that many point-of-sale solutions struggle to provide. That's where Olo fits in.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c5593c7ee88810de1d24abeda5233422\" tg-width=\"2000\" tg-height=\"1333\"><span>MAGE SOURCE: GETTY IMAGES.</span></p>\n<p>Olo generates revenue in three different ways, each designed to help restaurants optimize and efficiently process online orders.</p>\n<ul>\n <li><b>Online ordering:</b>Olo's most popular feature. Restaurants subscribe to this solution in order to build an intuitive digital ordering program for their customers. Whether it's mobile, desktop, or phone orders, Olo's customers are able to easily receive and process everything in one place. Customers can also personalize and manage their menus as availability comes and goes.</li>\n <li><b>Dispatch:</b>Olo is able to help its customers select the best delivery platform for any given order. Whether it's an in-house delivery team, or a third-party service like<b>DoorDash</b> or<b>Grubhub</b>, Olo customers are able to optimize their delivery process based on a range of factors like time or cost. Since these third-party couriers can also take a toll on a restaurant's profits, Olo also allows its customers to simply deny service to delivery platforms, which helps prevent predatory pricing in competitive areas.</li>\n <li><b>Rails:</b>Rails is designed to help optimize the partnership between restaurants and third-party ordering services. As services like DoorDash and Grubhub have gained traction, it's become more and more important for restaurants to utilize those services as a customer acquisition tool. In order to do that, menu items and pricing have to be up to date, and the ordering process has to be seamless to prevent food delays. Rails integrates all third-party orders directly into a restaurant's order book to make sure it doesn't miss anything.</li>\n</ul>\n<p>Unlike online ordering, Dispatch and Rails both generate revenue on a transactional basis and not a pure subscription. Similar to an API provider like <b>Twilio</b>, Olo charges a small take rate for each time its Dispatch or Rails feature is used. This helps Olo's customers minimize fixed costs and only spend money when they take in an order.</p>\n<p><b>A look back at 2020</b></p>\n<p>As COVID-19 took its toll across the U.S., restaurants began adopting digital solutions to help process off-premise orders. This tailwind certainly helped accelerate the adoption of Olo's solutions, but not as much as one might think. While less in-person dining boosted digital ordering, it reduced restaurant spend as a whole. From 2019 to 2020, consumer spending on restaurants fell 24%.</p>\n<p>However, despite the overall volume decline, Olo delivered incredible financial results for 2020. Olo generated $98 million in revenue for the year, up 94% year over year, with an 81% gross margin. If installation revenue and professional services revenue weren't included, that gross margin would be even higher. In 2020, Olo also turned the corner to profitability, generating an 18% operating margin and positive net income.</p>\n<p>Customers showed their dependence on Olo's services this year as well, with 71% of Olo customers using all three solutions -- up from 44% in 2019. As customers began relying on all three solutions, they helped Olo deliver a dollar-based net revenue retention rate above 120%. This demonstrates not only the stickiness of the platform but customers' willingness to spend more with Olo over time.</p>\n<p><b>What does the future look like for Olo?</b></p>\n<p>It's worth noting that Olo isn't alone in providing online ordering software. Both <b>Wix</b> and <b>Square</b> help businesses accept digital orders as well. However, Square and Wix were both designed to assist small and medium-sized businesses, as opposed to national restaurant chains. Creating a scalable and branded solution that works in several locations simultaneously is difficult, and is likely why Olo reports a 99% average retention rate among its enterprise customers.</p>\n<p>In short, the future looks bright for Olo. Chances are there will be some form of reversion in dining trends back to in-person, but all in all, digital ordering is here to stay. The convenience of delivery was obvious well before the pandemic, and I see no reason why that will go away.</p>\n<p>While there's a lot to love about Olo's business, the stock trades at a steep valuation of more than 40 times trailing 12-month sales. Despite the strong performance, the premium valuation means Olo is going on my watchlist for the time being.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can Olo Eat the Restaurant Market?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan Olo Eat the Restaurant Market?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-24 19:33 GMT+8 <a href=https://www.fool.com/investing/2021/03/24/can-olo-eat-the-restaurant-market/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How this software-as-a-service business is helping power digital orders across the country.\nOlo (NYSE:OLO), whose name is short for online ordering,went public last week, quickly topping a $4 billion ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/24/can-olo-eat-the-restaurant-market/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OLO":"PowerShares DB Crude Oil Long ET"},"source_url":"https://www.fool.com/investing/2021/03/24/can-olo-eat-the-restaurant-market/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133589425","content_text":"How this software-as-a-service business is helping power digital orders across the country.\nOlo (NYSE:OLO), whose name is short for online ordering,went public last week, quickly topping a $4 billion valuation. The platform is designed to help restaurants customize and manage their entire digital ordering process. But despite seeing massive adoption due to the pandemic, Olo still appears to be in its infancy. Let's take a look at why its future is so bright.\nWhat does Olo do?\nOlo doesn't just target mom-and-pop shops -- it also attracts larger restaurant chains like Wingstop,Shake Shack,Cheesecake Factory, and plenty more. Large restaurant chains need scalable yet personalized solutions that many point-of-sale solutions struggle to provide. That's where Olo fits in.\nMAGE SOURCE: GETTY IMAGES.\nOlo generates revenue in three different ways, each designed to help restaurants optimize and efficiently process online orders.\n\nOnline ordering:Olo's most popular feature. Restaurants subscribe to this solution in order to build an intuitive digital ordering program for their customers. Whether it's mobile, desktop, or phone orders, Olo's customers are able to easily receive and process everything in one place. Customers can also personalize and manage their menus as availability comes and goes.\nDispatch:Olo is able to help its customers select the best delivery platform for any given order. Whether it's an in-house delivery team, or a third-party service likeDoorDash orGrubhub, Olo customers are able to optimize their delivery process based on a range of factors like time or cost. Since these third-party couriers can also take a toll on a restaurant's profits, Olo also allows its customers to simply deny service to delivery platforms, which helps prevent predatory pricing in competitive areas.\nRails:Rails is designed to help optimize the partnership between restaurants and third-party ordering services. As services like DoorDash and Grubhub have gained traction, it's become more and more important for restaurants to utilize those services as a customer acquisition tool. In order to do that, menu items and pricing have to be up to date, and the ordering process has to be seamless to prevent food delays. Rails integrates all third-party orders directly into a restaurant's order book to make sure it doesn't miss anything.\n\nUnlike online ordering, Dispatch and Rails both generate revenue on a transactional basis and not a pure subscription. Similar to an API provider like Twilio, Olo charges a small take rate for each time its Dispatch or Rails feature is used. This helps Olo's customers minimize fixed costs and only spend money when they take in an order.\nA look back at 2020\nAs COVID-19 took its toll across the U.S., restaurants began adopting digital solutions to help process off-premise orders. This tailwind certainly helped accelerate the adoption of Olo's solutions, but not as much as one might think. While less in-person dining boosted digital ordering, it reduced restaurant spend as a whole. From 2019 to 2020, consumer spending on restaurants fell 24%.\nHowever, despite the overall volume decline, Olo delivered incredible financial results for 2020. Olo generated $98 million in revenue for the year, up 94% year over year, with an 81% gross margin. If installation revenue and professional services revenue weren't included, that gross margin would be even higher. In 2020, Olo also turned the corner to profitability, generating an 18% operating margin and positive net income.\nCustomers showed their dependence on Olo's services this year as well, with 71% of Olo customers using all three solutions -- up from 44% in 2019. As customers began relying on all three solutions, they helped Olo deliver a dollar-based net revenue retention rate above 120%. This demonstrates not only the stickiness of the platform but customers' willingness to spend more with Olo over time.\nWhat does the future look like for Olo?\nIt's worth noting that Olo isn't alone in providing online ordering software. Both Wix and Square help businesses accept digital orders as well. However, Square and Wix were both designed to assist small and medium-sized businesses, as opposed to national restaurant chains. Creating a scalable and branded solution that works in several locations simultaneously is difficult, and is likely why Olo reports a 99% average retention rate among its enterprise customers.\nIn short, the future looks bright for Olo. Chances are there will be some form of reversion in dining trends back to in-person, but all in all, digital ordering is here to stay. The convenience of delivery was obvious well before the pandemic, and I see no reason why that will go away.\nWhile there's a lot to love about Olo's business, the stock trades at a steep valuation of more than 40 times trailing 12-month sales. Despite the strong performance, the premium valuation means Olo is going on my watchlist for the time being.","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351855505,"gmtCreate":1616588340107,"gmtModify":1704796028996,"author":{"id":"3550806293626134","authorId":"3550806293626134","authorIdStr":"3550806293626134","name":"auntylike","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3550806293626134"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AESE\">$Allied Esports Entertainment, Inc.(AESE)$</a>bnnb","listText":"<a href=\"https://laohu8.com/S/AESE\">$Allied Esports Entertainment, Inc.(AESE)$</a>bnnb","text":"$Allied Esports Entertainment, Inc.(AESE)$bnnb","images":[{"img":"https://static.tigerbbs.com/661fc377f43f08af2da2fc383ff73c84","width":"828","height":"1590"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351855505","isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":351854368,"gmtCreate":1616588423854,"gmtModify":1704796031743,"author":{"id":"3550806293626134","authorId":"3550806293626134","authorIdStr":"3550806293626134","name":"auntylike","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3550806293626134"},"themes":[],"htmlText":"i. think","listText":"i. think","text":"i. think","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351854368","repostId":"1184343135","repostType":4,"repost":{"id":"1184343135","pubTimestamp":1616581379,"share":"https://ttm.financial/m/news/1184343135?lang=&edition=fundamental","pubTime":"2021-03-24 18:22","market":"fut","language":"en","title":"Suez Canal Snarled by Giant Ship Choking Key Trade Route","url":"https://stock-news.laohu8.com/highlight/detail?id=1184343135","media":"Bloomberg","summary":"Oil prices rise on concern waterway could be blocked for days\nIncident has caused congestion for tan","content":"<ul>\n <li>Oil prices rise on concern waterway could be blocked for days</li>\n <li>Incident has caused congestion for tankers, ships in the area</li>\n</ul>\n<p>A giant container ship could be stuck in the Suez Canal for days, blocking one of the world’s busiest maritime trade routes that’s vital for the movement of everything from oil to consumer goods.</p>\n<p>The Ever Given, a container ship longer than the Eiffel Tower, ran aground in the southern part of the canal in Egypt, leaving dozens of vessels gridlocked as they attempt to transit between the Red Sea and Mediterranean. People familiar with the matter said the canal may be blocked for days.</p>\n<p>The 193-kilometer-long (120 miles) Suez Canal is among the most trafficked waterways in the world, used by oil tankers shipping crude from the Middle East to Europe and North America. About 12% of global trade and 8% of liquefied natural gas pass through the canal, as do around one million barrels of oil each day.</p>\n<p>No progress has been made so far in floating the vessel and clearing the canal, the Gulf Agency Company, which provides services including Suez transits, said by email. Images released by the Suez Canal Authority showed the vessel’s hull firmly wedged into a banking. They also depicted efforts by the Baraka 1, one of eight tug boats deployed so far in the rescue, to try and yank the ship free.</p>\n<p>The weight of the Ever Given -- about 224,000 tons -- and small size of the tug boats operated by canal authorities have hampered work so far, according to two people familiar with the situation, who asked not to be identified discussing private details. Ship owners are in talks with SMIT SalvageB.V., which has larger tugs, to assist, indicating that it may take days to clear the canal, one of the people said.</p>\n<p>Ever Given was grounded early Tuesday amid poor visibility caused by a dust storm and as wind speeds reached 40 knots, resulting in a “loss of the ability to steer the ship,” according to the canal authority. A “blackout” was the cause of the accident, GAC said, without providing more detail.</p>\n<p>The vessel deviated “from its course due to suspected sudden strong wind,” Taiwan-based Evergreen Line, the time charterer of the vessel, said in an emailed response to questions. Japan’s Shoei Kisen Kaisha Ltd., among those listed as the ship’s owner, declined to comment.</p>\n<blockquote>\n The Suez Canal, one of the most important shipping lanes in the world, is reportedly blocked because someone accidentally got stuck with their giant container ship. The photo is unreal.pic.twitter.com/I2ACkBqPi2— Marcel Dirsus (@marceldirsus)March 23, 2021\n</blockquote>\n<p>“The salvage operation with tugs is under way, and hopefully the vessel will be freed soon, but it could last days,”, said Ralph Leszczynski, head of research at shipbroker Banchero Costa & Co.</p>\n<p>The blockage has led to a big gridlock in the area. About 42 vessels either in the northbound convoy or arriving to transit the canal northbound are now waiting for the Ever Given to be re-floated, Leth Agencies, one of the top providers of Suez Canal crossing services, said in a notice to clients. The company said it is sending a dredger to help free the ship.</p>\n<p>About 64 vessels traveling southbound were also affected. GAC said 15 affected ships are waiting at anchorage.</p>\n<p>Brent crude climbed 2.9% to $62.52 a barrel by 9.36 a.m. in London, paring heavy losses on Tuesday.</p>\n<p>Ever Given was traveling from China to Rotterdam. The crew are safe and accounted for, and there have been no reports of injuries or pollution, according to the ship’s manager, Bernhard Schulte Shipmanagement.</p>\n<p>The vessel is carrying cargo for logistics company Orient Overseas Container Line Ltd., according to Mark Wong, a spokesman for OOCL.</p>\n<p>At 400 meters in length, Ever Given was built in Japan about three years ago. Shipping companies have been turning to mega-sized vessels to help improve economies of scale, while some key routes -- including the Suez Canal -- have been widened and deepened over the years to accommodate them.</p>\n<p>Navigation is possible along the old canal, the canal authority said. But the vessel is stuck at a point that can’t be bypassed so the old canal can’t help.</p>\n<p><img src=\"https://static.tigerbbs.com/cc3c29542c65d256f050228997a1b1dd\" tg-width=\"792\" tg-height=\"833\"></p>\n<p>The canal has been the site of occasional groundings that have halted shipping. Tugboats managed to get the OOCL Japan unstuck after a few hours in October 2017. In one of the most serious delays, the canal was closed for three days in 2004 after an oil tanker, Tropic Brilliance, got lodged.</p>\n<p>Any prolonged disruption could mean ships need to reroute. Bypassing the Suez Canal by traveling around the Cape of GoodHopecan add another two weeks to the voyage from Asia to Europe, leading to significant additional costs and disrupting schedules, said Banchero’s Leszczynski.</p>\n<p>The shipping industry has had a tumultuous year since the Covid-19 pandemic began roiling global trade in 2020. As countries closed borders to try keep the virus under control, exports from China surged, leading to a dearth of containers and sending maritime rates soaring. The pandemic also exacerbated labor abuse in the industry, with thousands of seafarers stuck on vessels beyond the expiration of their contracts and past the requirements of globally accepted safety standards.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Suez Canal Snarled by Giant Ship Choking Key Trade Route</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuez Canal Snarled by Giant Ship Choking Key Trade Route\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-24 18:22 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-03-23/suez-canal-traffic-blocked-by-container-ship-stuck-in-waterway?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil prices rise on concern waterway could be blocked for days\nIncident has caused congestion for tankers, ships in the area\n\nA giant container ship could be stuck in the Suez Canal for days, blocking ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-23/suez-canal-traffic-blocked-by-container-ship-stuck-in-waterway?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-03-23/suez-canal-traffic-blocked-by-container-ship-stuck-in-waterway?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184343135","content_text":"Oil prices rise on concern waterway could be blocked for days\nIncident has caused congestion for tankers, ships in the area\n\nA giant container ship could be stuck in the Suez Canal for days, blocking one of the world’s busiest maritime trade routes that’s vital for the movement of everything from oil to consumer goods.\nThe Ever Given, a container ship longer than the Eiffel Tower, ran aground in the southern part of the canal in Egypt, leaving dozens of vessels gridlocked as they attempt to transit between the Red Sea and Mediterranean. People familiar with the matter said the canal may be blocked for days.\nThe 193-kilometer-long (120 miles) Suez Canal is among the most trafficked waterways in the world, used by oil tankers shipping crude from the Middle East to Europe and North America. About 12% of global trade and 8% of liquefied natural gas pass through the canal, as do around one million barrels of oil each day.\nNo progress has been made so far in floating the vessel and clearing the canal, the Gulf Agency Company, which provides services including Suez transits, said by email. Images released by the Suez Canal Authority showed the vessel’s hull firmly wedged into a banking. They also depicted efforts by the Baraka 1, one of eight tug boats deployed so far in the rescue, to try and yank the ship free.\nThe weight of the Ever Given -- about 224,000 tons -- and small size of the tug boats operated by canal authorities have hampered work so far, according to two people familiar with the situation, who asked not to be identified discussing private details. Ship owners are in talks with SMIT SalvageB.V., which has larger tugs, to assist, indicating that it may take days to clear the canal, one of the people said.\nEver Given was grounded early Tuesday amid poor visibility caused by a dust storm and as wind speeds reached 40 knots, resulting in a “loss of the ability to steer the ship,” according to the canal authority. A “blackout” was the cause of the accident, GAC said, without providing more detail.\nThe vessel deviated “from its course due to suspected sudden strong wind,” Taiwan-based Evergreen Line, the time charterer of the vessel, said in an emailed response to questions. Japan’s Shoei Kisen Kaisha Ltd., among those listed as the ship’s owner, declined to comment.\n\n The Suez Canal, one of the most important shipping lanes in the world, is reportedly blocked because someone accidentally got stuck with their giant container ship. The photo is unreal.pic.twitter.com/I2ACkBqPi2— Marcel Dirsus (@marceldirsus)March 23, 2021\n\n“The salvage operation with tugs is under way, and hopefully the vessel will be freed soon, but it could last days,”, said Ralph Leszczynski, head of research at shipbroker Banchero Costa & Co.\nThe blockage has led to a big gridlock in the area. About 42 vessels either in the northbound convoy or arriving to transit the canal northbound are now waiting for the Ever Given to be re-floated, Leth Agencies, one of the top providers of Suez Canal crossing services, said in a notice to clients. The company said it is sending a dredger to help free the ship.\nAbout 64 vessels traveling southbound were also affected. GAC said 15 affected ships are waiting at anchorage.\nBrent crude climbed 2.9% to $62.52 a barrel by 9.36 a.m. in London, paring heavy losses on Tuesday.\nEver Given was traveling from China to Rotterdam. The crew are safe and accounted for, and there have been no reports of injuries or pollution, according to the ship’s manager, Bernhard Schulte Shipmanagement.\nThe vessel is carrying cargo for logistics company Orient Overseas Container Line Ltd., according to Mark Wong, a spokesman for OOCL.\nAt 400 meters in length, Ever Given was built in Japan about three years ago. Shipping companies have been turning to mega-sized vessels to help improve economies of scale, while some key routes -- including the Suez Canal -- have been widened and deepened over the years to accommodate them.\nNavigation is possible along the old canal, the canal authority said. But the vessel is stuck at a point that can’t be bypassed so the old canal can’t help.\n\nThe canal has been the site of occasional groundings that have halted shipping. Tugboats managed to get the OOCL Japan unstuck after a few hours in October 2017. In one of the most serious delays, the canal was closed for three days in 2004 after an oil tanker, Tropic Brilliance, got lodged.\nAny prolonged disruption could mean ships need to reroute. Bypassing the Suez Canal by traveling around the Cape of GoodHopecan add another two weeks to the voyage from Asia to Europe, leading to significant additional costs and disrupting schedules, said Banchero’s Leszczynski.\nThe shipping industry has had a tumultuous year since the Covid-19 pandemic began roiling global trade in 2020. As countries closed borders to try keep the virus under control, exports from China surged, leading to a dearth of containers and sending maritime rates soaring. The pandemic also exacerbated labor abuse in the industry, with thousands of seafarers stuck on vessels beyond the expiration of their contracts and past the requirements of globally accepted safety standards.","news_type":1},"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351855726,"gmtCreate":1616588392365,"gmtModify":1704796029966,"author":{"id":"3550806293626134","authorId":"3550806293626134","authorIdStr":"3550806293626134","name":"auntylike","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3550806293626134"},"themes":[],"htmlText":"no","listText":"no","text":"no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351855726","repostId":"1133589425","repostType":4,"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351855505,"gmtCreate":1616588340107,"gmtModify":1704796028996,"author":{"id":"3550806293626134","authorId":"3550806293626134","authorIdStr":"3550806293626134","name":"auntylike","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3550806293626134"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AESE\">$Allied Esports Entertainment, Inc.(AESE)$</a>bnnb","listText":"<a href=\"https://laohu8.com/S/AESE\">$Allied Esports Entertainment, Inc.(AESE)$</a>bnnb","text":"$Allied Esports Entertainment, Inc.(AESE)$bnnb","images":[{"img":"https://static.tigerbbs.com/661fc377f43f08af2da2fc383ff73c84","width":"828","height":"1590"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351855505","isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}
