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The epic traffic jam of 400 ships caused by the Ever Given blockage of the Suez Canal is cleared, Egyptian authorities say

Published by Business Insider on Sat, 03 Apr 2021

<p><img src="https://static3.businessinsider.com/image/606844d3a7d803001963ea03-1332/GettyImages-1232019359.jpg" border="0" alt="suez canal ever given" data-mce-source="Sayed Hassan/picture alliance via Getty Images" data-mce-caption="Photographers take pictures of ships sailing through the Suez Canal as traffic resumes after the &amp;quotEver Given&amp;quot container ship operated by the Evergreen Marine Corporation, was freed after blocking the waterway route for almost a week."></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>The <a href="https://www.businessinsider.com/suez-canal-ever-given-blocking-ships-unclear-when-can-pass-2021-3">shipping backlog</a> that built up after the Ever Given container ship became lodged in the Suez Canal should come to an end on Saturday, authorities told <a href="https://www.reuters.com/article/egypt-suezcanal-ship/suez-canal-shipping-backlog-to-end-on-saturday-canal-authority-idUSL8N2LW04G">Reuters</a>.</p><p>The 61 remaining ships of the 422 that were left stranded after the major blockage are expected to pass through the waterway imminently, the Suez Canal Authority's chairman, Osama Rabie, said.</p><p>Around 85 ships in total are set to pass through the canal on Saturday, he added.</p><p><em><strong>Read more: </strong><a href="https://www.businessinsider.com/4-big-losers-of-the-suez-canal-fiasco-and-4-big-winners-2021-3" data-e2e-name="inline-read-more-link">The 4 biggest losers of the Suez Canal fiascoand 4 surprising winners</a></em></p><p>Last Monday, the Egyptian president's advisor for the canal authority told <a href="https://www.bloomberg.com/news/articles/2021-03-29/giant-ship-blocking-suez-canal-refloated-in-dawn-rescue-effort">Bloomberg</a> that it could take "around a week" to get all of the ships out of the canal's corridor.</p><p>If the remaining ships successfully pass through the waterway on Saturday, the backlog's end will have beaten expectations by a couple of days.</p><p>The reopening of the canal, however, will likely not mark the end of the disruption.</p><p>The world's biggest shipping company, Maersk, <a href="https://www.businessinsider.com/suez-canal-crisis-ship-blockage-ever-given-supply-months-maersk-2021-3" data-analytics-module="body_link" data-analytics-post-depth="80" data-uri="57701b040727305469de678486a7bf4f">warned on Monday</a> that the shipping problems caused by the Ever Given could take months to resolve, <a href="https://www.businessinsider.com/suez-canal-ever-given-blocking-ships-unclear-when-can-pass-2021-3">Insider's Sinad Baker</a> reported.</p><p>"Even when the canal gets reopened, the ripple effects on global capacity and equipment are significant and the blockage has already triggered a series of further disruptions and backlogs in global shipping that could take weeks, possibly months, to unravel," Maersk said.</p><p>The 1,300-foot <a href="https://www.businessinsider.com/ever-given-freed-from-the-suez-canal-2021-3">Ever Given</a> container ship was stuck for about 152 hours, with the blockage's total costs reaching an estimated <a href="https://www.businessinsider.com/boat-stuck-suez-canal-costing-estimated-400-million-per-hour-2021-3">$60 billion</a>.</p><p>Rabie told local television stations that an investigation into what caused the costly jam is ongoing and will reach its conclusion next week, Reuters reported.</p><p>"The investigation is going well and will take two more days. Then we will announce the results," Rabie said.</p><p><a href="https://www.businessinsider.com/suez-canal-shipping-backlog-caused-ever-given-to-end-imminently-2021-4#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/what-its-like-make-beer-with-picobrew-c-home-brew-2020-3">We tested a machine that brews beer at the push of a button</a></p>
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