Egyptian Officials: Ship Stuck In Suez Canal ‘Successfully Refloated’

CBS4's Ian Lee has more on the Ever Given situation.

Video Transcript

- And now at 5:00, the Ever Given in is free and floating again. The skyscraper-sized cargo ship had caused a traffic jam at the Suez Canal, one of the busiest trade routes in the whole world. More than 350 vessels had been waiting to use the Canal.

- While the Suez should be cleared soon, it could be months to repair the damage to the global supply chain. CBS4 Ian Lee has the latest from London.

IAN LEE: The massive ship known as the Ever Given is moving again after a massive effort to dislodge it. Tugboats blasted in relief early Monday morning when the colossal ship blocking the Suez Canal finally budged after hours of being pushed, pulled, and prodded. Now one of the world's most crucial passages is open again.

STEPHEN ASKINS: And this isn't the first time this has happened. And although it has captured the sort of public's imagination because it's such a big vessel.

IAN LEE: For days, the dredgers sucked up nearly a million cubic feet of sand and mud. Mother nature also lent a hand with a full moon high tide raising the canals water level. Egyptian investigators are now looking into how this happened. The blockage created a traffic jam of nearly 400 ships carrying everything from crude oil and cattle to coffee and toilet paper.

STEPHEN ASKINS: The Canal can take about 50 or 60 ships a day. So there is going to be some delays as they free up this backlog.

IAN LEE: The disaster has hit world economies hard to billions of dollars lost in global trade. Ian Lee, CBS News.

- The Suez Canal carries more than 10% of global trade, including 7% of the world's oil. Some ships have decided to take an alternate route around Africa, adding another 2 weeks to their voyages.