Suez

Shipping traffic has resumed through Egypt’s Suez Canal on Monday after the container cargo ship Ever Given was successfully refloated and moved.

"The efforts to float the delinquent Panamanian container ship Ever Given are successful," so Lt. Gen. Osama Rabie, chairman of the Suez Canal Authority.

The MS Ever Given, the container ship that blocked the Suez Canal for almost a week, has been successfully refloated on Monday, authorities confirm.

"The container ship began to float successfully after responding to the pulling maneuvers," said Osama Rabie, head of the Suez Canal Authority (SCA). "Once the ship is withdrawn, we will resume navigation directly, and we will take it to the Bitter Lakes."

Oil prices jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week. The situation is affecting the connections of other ships that carry oil and may now have to look for alternative routes, reveals "Bloomberg" this Wednesday, March 24th.

The Evergreen container with 400 meters in length and 220 thousand tons was stranded when making the connection between China and the port of Rotterdam in the Netherlands, worthless the several attempts to get it afloat again.