"Massive ship blocking the Suez Canal has been freed"

" \n A massive container ship stuck in the Suez Canal has been \"partially refloated,\"\u00a0Bloomberg News\u00a0reported, citing shipping services provider Inchcape. Inchcape said in a\u00a0tweet\u00a0the boat is now being \"secured.\" \n \n\n \n The Ever Given had been\u00a0stuck sideways\u00a0across Egypt's canal since Tuesday, clogging a vital artery for the\u00a0global economy\u00a0and forcing multiple ships to turn around and reroute through Africa. \n \n\n \n After freeing the bow from the banks of the canal, tugboats are now working on straitening the vessel's course so it can continue moving up the waterway, the\u00a0Wall Street Journal\u00a0reported. The\u00a0ship's rudder was freed from the sediment\u00a0on Friday. \n \n\n \n \"It is good news,\" Osama Rabie, chairman of the Suez Canal Authority, told The Journal. \"We are not finished yet, but it has moved.\" \n \n\n \n A shipping source told\u00a0Reuters\u00a0that the ship has restarted its engines. Two sources also told the outlet that the ship was straightened and will be inspected before being moved. \n \n\n \n He said the ship has moved about 25 yards. \n \n\n \n It's unclear how soon the canal would be opened up to the hundreds of ships that are stuck waiting for it to clear. \n \n\n \n Reuters reported that following news the ship was refloated, crude oil prices fell by $1 per barrel to $63.67. \n \n\n \n The 1,300 foot-long cargo ship, one of the world's largest, became wedged in the Suez Canal early Tuesday morning. Egyptian officials initially blamed the weather, including strong winds and a dust storm. But on Saturday, officials said the logjam could be the result of\u00a0\"technical or human errors.\" \n \n\n \n The nearly six-day blockage forced some ships to take a costly, dangerous detour thousands of miles\u00a0around the southern tip of Africa\u00a0and was reportedly costing the global economy\u00a0$400 million an hour in delayed goods. The Ever Given is operated by the Taiwan-based shipping company Evergreen Group. \n \n\n \n Tugboats and dredgers had been working to free the ship for days with little success. \n \n\n \n In a video shared on Twitter, boats could be heard\u00a0honking after the ship was freed\u00a0. Another clip appeared to show the\u00a0ship moving again as the sun was rising\u00a0. \n "

"Massive ship blocking the Suez Canal has been freed"

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