Backlog should be cleared within four days, traffic in Suez Canal resumes.

The above picture is taken from the Indian Express.

The image has been released by the ship canal Authority, the Ever Given, a Panama-flagged cargo vessel that is pulled by one in all the shipway tugboats, within the shipway, Egypt on Monday, March 29, 2021.

Shipping was on the move again late on Monday in Egypt’s Suez Canal. This was after tugs refloated an enormous container ship that had been obstructing the channel for every week. Thereby, causing a large build-up of vessels around the waterway.

At dawn on Monday, rescue workers from the SCA working with a team from Dutch firm Smit Salvage partially refloated the ship and straightened it within the canal. After several hours, it shifted back across the canal before being controlled free by tugs because the tide changed as stated by the canal source. “The time pressure to finish this operation was evident and unprecedented,” said Peter Berdowski, CEO of Smit Salvage owner Boskalis. The company said approximately 30,000 cubic meters of sand had been unearthed to refloat the 224,000-tonne container ship. Also, a complete of 11 tugs and two powerful sea tugs were accustomed to pulling the ship free.

Owners and charterers of delayed ships faced a minimum of $24 million in expenses. They are going to be unable to recover. Since their insurance policies do not cover them. Hence, cargo owners could also face uninsured losses, industry sources said.

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