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Economy

Suez Canal faces prolonged blockage, sparking fear for exporters

Ever Given operator seeks new plan to dislodge massive containership

Tugboats sail Thursday beside the Ever Given, the giant containership that became lodged in the Suez Canal. (Photo courtesy of the Suez Canal Authority)

CAIRO/TOKYO -- As tugboats continued work Thursday to dislodge a giant containership from the Suez Canal, anxiety is growing that one of the world's busiest waterways could be congested for weeks, disrupting global trade flows.

The vessel's Taiwan-based operator, Evergreen Marine, said that Dutch company Smit Salvage and Japan's Nippon Salvage have been recruited to work with Egypt's Suez Canal Authority to design an improved plan to refloat the ship, Reuters reported Thursday.

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