Ever Given container ship ‘partially refloated’

Satellite data from MarineTraffic.com showed that the ship’s bulbous bow, once firmly lodged in the canal’s eastern bank, had been wrested from the shore.

The huge container ship, longer than four football fields, had been wedged diagonally across the canal since Tuesday, towering over nearby palm trees and strangling world supply chains.

Officials had been making one last attempt at refloating during high tide before resorting to unloading. A spring tide was supposed to have raised the canal’s water level as much as 18 inches.

An armada of up to 12 tugboats had been trying to help dislodge the ship, which is the length of Empire State Building. Dredgers had also been vacuuming the sand and mud that the vessel is stuck in, while diggers excavate the eastern wall of the Suez canal.

By Sunday afternoon, the dredgers had removed more than 27 thousand cubic metres of sand from around the ship, to a depth of 18 metres, according to Leth Agencies, the canal’s service provider.

The crisis had forced companies to choose between waiting or rerouting vessels around Africa, which adds a huge fuel bill, 5,500 miles and over a week of travel to the trip between Asia and Europe.

Each day of the blockade was costing global trade some $6-10 billion, according to a study published Friday by German insurer Allianz. That translates to some 0.2 to 0.4 percentage points of annual trade growth each week.

And with over 300 ships and billions of dollars-worth of cargo stalled at the entrances to the Suez Canal, many operators had already rerouted vessels around the Cape of Good Hope.

Each day that the Ever Given is stuck puts the global supply chain one step closer to full-blown crisis.

Syria had already begun rationing fuel as the blockage of the Suez Canal has worsened the country’s shortages. Neighbouring Lebanon was also concerned about fuel supply delays.