Skip to content
Friday 31 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,922.62
+0.23%
DAX
25,711.13
+0.39%
CAC 40
8,517.23
+0.37%
STOXX 50
6,382.65
+0.60%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Tuesday 30 March 2021 8:20 am

Suez Canal latest: Questions swirl about Ever Given’s grounding as ship is on its way

By: Michiel Willems

Add as a preferred source on Google

Experts boarded the colossal container ship Ever Given this morning, which had been stuck sideways for nearly a week in the Suez Canal before it was dislodged last night.

Questions swirl about the grounding that had shaken the global shipping industry and clogged one of the world’s most vital waterways.

The Ever Given was safely anchored this morning in the Great Bitter Lake, a wide stretch of water halfway between the north and south ends of the canal, after salvage teams succeeded in finally freeing the skyscraper-size vessel on Monday.

The grounding of the ship had halted billions of pounds a day in maritime commerce.

A senior canal pilot told AP this morning that experts were looking for signs of damage and trying to determine the cause of the vessel’s grounding.

Engineers were also examining the engines of the Panama-flagged, Japanese-owned ship hauling goods from Asia to Europe, to determine when exactly it can sail to its destination in the Netherlands, he said.

[brid video=”748320″ player=”24372″ title=”Stranded%20Suez%20ship%20is%20finally%20freed” duration=”126″ description=”The giant container ship that blocked the Suez Canal for almost a week was fully floated on Monday and traffic in the waterway would resume, the canal authority said in a statement. Maha Albadrawi has more.” uploaddate=”2021-03-29 19:01:04″ thumbnailurl=”https://cdn.brid.tv/live/partners/18445/thumb/748320_t_1617044518.png” contentUrl=”https://cdn.brid.tv/live/partners/18445/sd/748320.mp4″]

Ships stacked with containers could be seen from the city of Suez, sailing in the north-bound part of the waterway.

Suez Canal service provider Leth Agencies said that more than three dozen vessels that had waited for Ever Given to be freed, have already exited the canal into the Red Sea since the waterway was reopened for navigation.

Hundreds of vessels waiting

As of this morning, more than 300 vessels were waiting on both ends of the Suez Canal and in the Great Bitter Lake for permission to continue sailing to their destinations, Leth Agencies said.

Osama Rabei, head of the Suez Canal Authority, had said on Monday the maritime traffic could return within four days to its average level before the ship grounded.

The shipowner, Shoei Kisen, said Tuesday that it would be part of the investigation along with other parties, though it did not identify them by name.

Read more

Exclusive: Saudi ship struck by Houthis had insurance from Lloyd’s insurance giant

Rising borrowing costs depicted amid escalating tensions following the Iran war, illustrating economic impact on global ma...

It also refused to discuss possible causes of the accident, including alleged high speed, saying it cannot comment on an ongoing investigation.

The company added that any damage to the ship was believed to be mostly on the bottom.

Shoei Kisen said it was not immediately known whether the vessel will be repaired on site in Egypt or elsewhere, or whether it will eventually head to its initial destination of Rotterdam.

That is a decision to be made by its operator, rather than the shipowner, the company said.

On Monday, a flotilla of tugboats, helped by the tides, wrenched the bulbous bow of Ever Given from the canal’s sandy bank, where it had been firmly lodged since March 23.

The tugs blared their horns in jubilation as they guided the Ever Given through the water after days of futility that had captivated the world, drawing scrutiny and social media ridicule.

Analysts expect it could take at least another 10 days to clear the backlog on either end of the Suez Canal.

The Ever Given had crashed into a bank of a single-lane stretch of the canal about 3.7 miles north of the southern entrance, near the city of Suez.

That created a massive traffic jam that held up billions of pounds a day in global trade and strained supply chains already burdened by the coronavirus pandemic.

At least 367 vessels, carrying everything from crude oil to cattle, had backed up to wait to traverse the canal.

Dozens of others have taken the long, alternate route around the Cape of Good Hope at Africa’s southern tip – 3,100-mile detour.

Read more

Strait of Hormuz ‘closed’ as Iran and US exchange strikes

Bustling shipping activity in the Strait of Hormuz with tankers and cargo ships navigating Iranian waters.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Transport & Infrastructure

Trending Articles

  • Gino D’Acampo restaurants face HMRC winding-up order

  • PwC thought leadership reports ‘100 per cent AI generated’

  • Lloyd’s of London allows staff to work from home as heatwave hits the capital

  • Grant Thornton partners pocket £35m from private equity deal

  • Rathbones suffers near £1bn net outflows as it braces for FCA probe fallout

More from City PM

  • Exclusive: Saudi ship struck by Houthis had insurance from Lloyd’s insurance giant

    Insurance
    Rising borrowing costs depicted amid escalating tensions following the Iran war, illustrating economic impact on global ma...
  • Strait of Hormuz ‘closed’ as Iran and US exchange strikes

    Economics
    Bustling shipping activity in the Strait of Hormuz with tankers and cargo ships navigating Iranian waters.
  • Aspire’s David Collyer: my curry catastrophe at the Cinnamon Club

    Opinion
    David Collyer, CEO of Swissport, sitting in a black leather chair with a brown travel bag beside him.
  • As it happened: Stocks rally after US jobs report; Oil tumbles to pre-Iran war levels

    Markets
    The UK could enjoy a 50 per cent production boost without breaking its net-zero pledges
  • Pull an all-nighter for the 1AM England World Cup game at these London pubs

    Life&Style
    Breaking news event with business professionals discussing important financial updates in a modern conference room.
  • Mindbreeze InSpire Reduces Token Maxxing, Turning Runaway AI Costs Into Predictable Enterprise Value

    Business Wire
  • Assassin’s Creed Black Flag Resynced review: A classic rebuilt

    Life&Style
    Assassins Creed Black Flag resynced scene featuring dramatic fire effects in a nighttime naval battle setting
  • World Cup: Boost for pubs as Brits set to buy 1m pints during England vs Mexico 

    Hospitality
    Brits celebrating in a pub, raising pints during England vs Mexico World Cup match, highlighting hospitality boost
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook