The vessel was heading from China to Netherlands before it got stuck in the Suez Canal
The Ever Given with a length of nearly 400 meters ran aground and blocked one of the world’s most important waterways, the passage that enables more direct shipping between Asia and Europe.
As stated by Forbes, eight tug boats struggled to free one of the largest container ships, as a result of which more than 185 ships lined up in traffic waiting for the passage to clear up.
In addition, as estimated by Bloomberg, Suez Canal blockage causes a loss of $9.6 billion per day, whereas dislodging of the Ever Given could take days to weeks.
Shoei Kisen Kaisha, the Japanese owner of the giant container ship has apologized for the disruption to global trade.