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IPFS News Link • Egypt

Suez Traffic To Resume As Blocking Ship Partially Moved

• Zero Hedge

Update (0739 ET): Bloomberg reports the massive containership blocking the Suez Canal has been dislodged from the bank of the canal and moved to the side, potentially easing disruption to one of the world's most vital shipping lanes. 

Ahmed Mekawy, the deputy manager for the Suez Canal for Gulf Agency Company, expects the canal could resume today or tomorrow. 

Mekawy said the containership is "expected to be re-floated shortly, then the Suez Canal Authority will work on resuming transit for all waiting ships." 

The Suez Canal Authority has yet to comment on whether the ship has been moved.

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