Delays in freeing a mammoth container ship stuck in Egypt’s Suez Canal have highlighted still more pressure points in global trade, a year after supply chains were disrupted by the pandemic.
Tugboats and salvage crews took advantage of high tides early Monday to partially refloat the Ever Given, which carries cargo between Asia and Europe.
It was unclear how long it would take to fully reopen the canal after moving the ship, which has been lodged in a single-lane stretch of the canal for nearly a week, blocking traffic through the critical trade gateway.
Earlier, it was feared the Panama-flagged, Japanese-owned ship might be stuck for weeks. Economists say the Ever Given’s disruption of shipping through the Suez Canal probably won’t have