in just one week. how much work can really do. we still have time to a. subset. of subscribers and more meals like this. thanks to dredge ers tar golds and a full moon bringing spring tide the container vessel blocking the suez canal is partially floating again but challenges remain also comes amid an export ban for private jobs made in the new leaders of the bloc are meeting with farmer presented just on how to speed up vaccinations in europe. or risk over a girl and welcome to the program i'm turning a ship that's as long as the empire state building is tall was never going to be an

easy task but the ever given freighter which became wedged sideways in the suse canal has been partially reflowed excavators have been digging out the side of the canal while as many as 11 tug boats have been pulling it back into position as a full moon brought spring tide. now the vessel is getting closer to being set free completely but there are still close to $400.00 ships waiting on both sides of the canal a number that is continuing to grow now taking a detour would lead to major delays have a look at the map the route through the canal is nearly 7000 kilometers from the arabian sea to ports in the mediterranean out the way around the cape of good hopes as around 13000 kilometers to the route assuming that freighters all travelling around $25.00 knots or about 45 kilometers an hour that adds more than 10 days to the journey of scores of ships have already opted to take the detour now the

blockage of the waterway has been holding up $9000000000.00 a day in global trade since supply chains are interrupted and desperately needed goods cannot be delivered everything from capital to crude oil. let's get more on the story of red lodge martin ronnie years and suzie a partner at h.p. see how port consulting and if you double your financial correspondent conrad who is in frankfurt thank you to both of you for being on our show let me start with you what are they've made difficulties now to completely free the vessel well at the moment they've they've they've the pieta freed the stone of the vessel which is a great thing because it means that they can actually use the vessels pollen out to help it get off a self the challenge now is getting the front off and that's really the bulbous bow if you can imagine yourself when you if you do this put on

a beach with the waves letting on your feet the waves sort of suck you in and the more around to defeat the mill who always suck you in so with a bogus ball that exactly that principle is happening and i know a lot of lot of law things been going going on about the little check to the team trying to pull call go out but that's actually been trying to keep that that ball from being cut totally submerged in the sand and the big challenge now is to get that out so that the visit can be finally freed. over here in frankfurt the dax hit another record high this morning seems like people are quite relieved that this gigantic problem to world trade could soon be solved. yes chris of course it's very difficult to put a exact price tag on the damage that would have cost of our ready was caused by you know the. vessel stuck in the suez canal the germans insurance group says that a blockage like this could cost global trade between 5 and 9000000000 euros a week so i think is what we're seeing here you know this little jump off the

german share index stacks this morning is really a sigh of relief even though the facts at the moment the index is trading a couple of points below this record high lars thanks to you and hamburg a container ships have become so massive in the past are they now too big to sail as some suggest. it's a very difficult question to answer the ship owners have been on the years under for years and the message to get bigger and bigger to reduce the unit cost and thereby bring the cost of goods for you in the on the shelves down and that pressure is not going away the ships themselves they're there they're difficult benadryl but they they work. i think more and more we're finding that the key problem area right now is getting it through the ports be with the suits getting so big i don't know that that size of it is efficient over the whole supply chain but i think in terms of reducing the cost of trade it's in this city evil we just need

to manage them and as technology develops over we will be able to handle them better. conrad and you're in frankfurt there as we continue to deal with these giant ships and world trade relying on them how concerned are people way you are that an accident like this will occur again in the future. well many logistics experts predict that we are going to see more of this you know also in this case of the ever given. winds were playing a role of heavy winds which sort of pushed a boat way was not supposed to go climate change is a factor that makes events like this more and more likely. and frankfurt and last martin greiner in hamburg thanks to both of you. thank you very much have a great day and now to some of the other global business stories making news the u.s. training side billy billy sank 6 percent on the 1st day of trading in hong kong as

the shares in the chinese search engine baidu which debuted in hong kong last week chinese tech shares are suffering under after years regulators announced plans to force firms from china to observe u.s. auditing. german exports are increasingly german exporters are increasingly optimistic that they'll benefit from economic recovery in asia and the united states a survey by the for institute showed their expectations rose almost 25 points in march the highest value since january 2011 optimism in nearly all sectors. e.u. leaders and representatives of cover 19 vaccine makers are meeting today and it's going to be a heated discussion as the e.u. grapples with a shortage of doses the bloc decided last week to restrict the export of code of vaccines made within the european union both sides are also expected to talk about

what impact a different handling of patents might have on the pandemic. lucrative peyton's restricting the global vaccine rollout not necessarily since last september preparations have been underway to produce biotechs shot at this plant east of hamburg. and. you can see the markings on the wall. up in the empty space above new pipelines are being set up and world it is then this will become one of the 3 production rooms. the issue is that it's a new active ingredient from the plant 1st has to be converted to handle it properly. the production plant is expected to turn out 10000000 doses a week beginning in may. so i taxing production will increase significantly in the 2nd quarter this year that's also what we've promised european and global government. that we can be grateful we've still got as

a mystic vaccine manufacturing industry and europe. which means that in india at up on a while owns the world's largest vaccine plant is currently working on the license for us trizone eka to make a 1000000000 doses by the end of this year. we're going to. be priced. vaccine manufacturing the world like we are for all our vaccines is going to be priced in a few 100 rupees budget price must production in india not all vaccine makers if this used licenses for the us and now india wants patient rights to be suspended. the world trade organization has called on its members to cooperate more closely this must include those of manufacturing including in emerging markets. however member countries would have to agree unanimously to suspend painted bright

big pharma are not the only object to say that idea mary of a c.e.o. research is humanitarian logistics she's against suspending pate and rights maybe to finance a vast horse we've decided to change that boy sees and not to invest any more than this is the development which is very critical so in the long then it may be better actually for the companies collectively to buy them back into rights to stop them right now the governments of prioritizing their own populations which is a very risky strategy if we don't focus on global vaccinations and they would be comic also here. that will need some smart thinking and global cooperation for humanity to finally defeat the coronavirus. for more of the store owners bring in stefan like he's their neck on a missed lecture for political economic at the university of gallon welcome to the

program will the next for bad for vaccines solve that used vaccination problem. i don't think so i think the european union treats this vaccine export ban as a red herring as a distraction if we look at the facts thus far there are 2 vaccines that happened at mr skate in the european union astra zeneca and biotech pfizer for both of which the european union negotiated a discount in the process and due to some leaks we now know that they paid 25 percent to 4547 percent less for those 2 vaccines and as over the life if you paid less you get less and you have to wait longer that is true on amazon and it is true if you want to back seems so i think the export restrictions are discussed because the european union realized it made a bid me big mistake because getting down the price so what other efforts should the block then undertake an order to correct mistakes that apparently have been

made in the past the problem is there aren't any good options on the table you can do what i'm going to america did recently admit that you made a mistake and deal with the consequences but that doesn't solve the problem but nothing will solve the problem what you can do is you can restore to an export restrictions that will get you some extra bit seems undersold wrong but the important thing from an economic point of view is to distinguish between the short term consequences of policy actions and the long term consequences don't forget that contracts were signed that there is international troll and that there isn't a national trust all of which is necessary for economic success in the long term and you don't want to sacrifice this for some short term benefit to get some extra that seem dozers in the next couple of weeks is a puzzle to gauge the economic cost of the big behind in its vaccination efforts. yes i think we now have a lot of data on. on the spread of car 90 and we see that right

now the number of new cases is surging in the countries that don't administer as many big scenes as for example the us what do you call your isro and in germany the number of cases is twice as high need to leave 4 times as high frost 6 times just ours in the u.k. and we know from all the economic analysis the spark that more cases and these socio to government restrictions counted a cost and if you look at the economic forecasts published by the o.e.c.d. or the i.m.f. we see that these delays and vaccination programs come at a cost it means lower economic growth higher unemployment and worse public benefit public sector finances so the peace lays have some serious economic consequences stefan like a lecture for political economics at the university of cent gallon thank you for your thoughts. and here's the top story.

this hour engineers have succeeded in partially refloating a from danger ship that has been blocking the suez canal for nearly a week salvage teams have been grudging thousands of tons of sand tried and free ever again. thanks for watching of herself and says would have. been robbed of their soul that's what people experiences when their heritage is taken from them countless cultural artifacts were stolen from africa by colonialists them to carted off to europe. what should be done with the stolen art from africa. stolen sold on t w. w's crime fighters are back again africa's most successful radio drama series continues this season the stories focus

on hate speech color of prevention and sustainable charcoal production all of a sow's are available online and of course you can share and discuss on africa's facebook page and other social media platforms. crime fighters tune in now. on. the only way to get here is by air or ship doctor camillo create oh has organized an airlift to bring much needed help during the covert pandemic today they're up to 10 b. keep near colombia's pacific coast this dangerous area is teeming with armed groups since the beginning of the pandemic the need has become even greater. holders scalpel handles none of them sterile compresses they say doctor the

compressor is on steroids so much is lacking the. doctor coming up the 8 to works as a plastic surgeon in bogota where he performs cosmetic surgery but also helps disfigured accident victims. he lives with his wife in one of the better neighborhoods of the city his housekeeper comes to clean regularly. the doctor says goodbye to her and leaves for the day. where the more.