The huge container ship that disrupted global marine traffic after it blocked the Suez Canal for nearly a week in March has been released and set sail Wednesday after spending months under seizure. The 1,400-foot-long Ever Given, which carries cargo between Asia and Europe, ran aground and jammed the single-lane stretch of the canal on March 23 before it was re-floated six days later in a massive salvage operation.
The stranded Ever Given mega-container ship in the Suez Canal is holding up an estimated $9.6bn of goods each day, according to shipping data. This works out at $400m an hour in trade along the waterway which is a vital passageway between east and west. Data from shipping expert Lloyd’s List values the canal’s westbound traffic at roughly $5.1bn a day, and eastbound daily traffic at around $4.5bn.