Ships Start to Move Through Suez Canal After Ever Given Freed

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Bloomberg Quicktake: Now published this video item, entitled “Ships Start to Move Through Suez Canal After Ever Given Freed” – below is their description.

Ships were starting to move in the Suez Canal after the dislodging of the giant Ever Given container ship cleared the key trade route for traffic.

At least three vessels were on the move, according to ship-tracking data. The return of navigation will come as a relief for global trade that was under strain even before the latest crisis.

There were 437 ships waiting to transit through the waterway, shipping agent GAC said earlier, citing the canal authority. Container shipping company Hapag-Lloyd AG expects the backlog to be cleared within four days.

The Ever Given reached the Great Bitter Lake, where it will undergo inspections. Horns sounded in celebration after the ship was earlier freed from the canal’s bank in an operation that involved moving 30,000 cubic meters of sand.

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