The Ever Given container ship that has spent the last week wedged across the Suez Canal is under way again after being successfully refloated on Monday afternoon, ending the blockage of traffic in the strategic waterway that disrupted global trade and impacted international markets.
Tracking data showed the 400-metre vessel in the centre of the channel and making 3.1 knots.
Helped by the peak of high tide, a flotilla of tugboats managed to wrench the bulbous bow of the skyscraper-sized Ever Given from the canal's sandy bank, where it had been firmly lodged since last Tuesday.
Evergreen Line, the time charterer of the vessel, confirmed the ship was refloated.
After hauling the fully laden 220,000-tonne vessel over the canal bank, the salvage team pulled it towards the Great Bitter Lake, a wide stretch of water halfway between the north and south end of the canal, where the ship will undergo technical inspection, canal authorities said.
The results of the inspection will also determine whether the ship can resume its scheduled service.
Once it is complete, a decision and arrangements will be made about the cargo on board.
Traffic through the waterway began resuming on Monday night, with YM Wish, Maersk Emeraldas and Ever Globe being the first vessels to head towards the canal.
Canal authorities have also said that once the channel is free they will begin to investigate how the ship came to be wedged across the canal.
Capt Farhad Patel, director of leading Middle East shipping company Sharaf shipping agency who has teams on site, told The National that the Ever Given is expected to reach Bitter Lake by midnight on Monday and they expect ships to resume transit through the canal at nine pm local time according to official data.
Authorities say they will first clear the 43 ships currently at anchor in Bitter Lake from around 5am on Tuesday morning before north and southbound convoys resume some time after, Capt Patel said.
"Also, Port Said authorities instructed 30 ships to heave up anchor and to prepare their engines," he added.
The planned number of vessels per day has yet to be set by the Suez Canal Authority but maritime expert Ranjith Raja, head of MENA Oil and Shipping Research at data company Refinitiv, said that 90 to 100 ships a day is possible with the right logistics. That would be roughly double the usual daily average of around 50.
Refinitiv estimated it could take more than 10 days to clear the backlog of ships.
Where is the 'Ever Given' – track live
For nearly a week, the Ever Given container ship has been wedged across Egypt's Suez Canal, blocking international passage through one of the most important trade routes in the world.
President Abdel Fattah El Sisi, on social media, thanked everyone who took part in the effort to refloat the Ever Given, saying the operation was carried out in the face of "massive technical complexity".
"The world can now rest assured about the passage of goods and needs through this pivotal shipping route ... Egyptians today proved that they are always up to the challenge," he wrote.
While Suez Canal Authorities work to clear the backlog of ships, dozens of vessels have opted for the alternate route around the Cape of Good Hope at Africa’s southern tip – a 5,000-kilometre detour that adds at least two weeks to journeys and costs ships hundreds of thousands of dollars in fuel and other costs.
On Monday morning, Suez Canal Authority chairman Osama Rabie said that the Ever Given has been turned "80 per cent in the right direction," and that "the stern [had been] moved 102 metres from the shore".
Previous attempts to move the vessel had only succeeded in moving it less than 10 metres.
Shipping experts, including a captain in contact with people at the scene who spoke to The National, said that the early progress was significant.
But ship owner Shoei Kisen Kaisha Ltd warned that it had not been fully refloated, with the bow still jammed in sand and mud.
The company also warned that a window of opportunity to fully move the vessel would depend on tides.
Efforts continued through the day on Monday until the ship appeared to have been freed mid afternoon.
Just before the ship was freed, it appeared there had been a major set back as it swung back through the channel although sources said it did not reground.
Oil prices fell on news that the stern of the ship had been freed from the sand and mud after extensive dredging around the stranded vessel. More than 400 ships are now stuck partway through the canal, at either entrance or en route.
Captain Farhad Patel, director of Sharaf shipping agency, told The National after the early progress that things were moving "positively".
"We have to be clear, the vessel has just refloated and the canal authorities and the salvage companies are making all attempts to clear the canal,” he said.
"Presently, we have been advised that the tugs have been positioned in a pull-off manoeuvre so that the bow can be freed, thus freeing the vessel from her aground position."
Efforts have been intensifying to push and pull the Ever Given with 10 tugboats and dredgers vacuuming up 27,000 cubic metres of sand.
A total of 17 tugboats and support vessels were involved in the last big effort to move the ship.
Video shared online early on Monday claimed to show the moments after the boat was refloated, with Suez Canal authority personnel heard rejoicing and shouting "Allahu Akbar".
The tugs include the Dutch-registered Alp Guard and the Italian-registered Carlo Magno, according to Leth Agencies. The two vessels arrived at the canal over the last 24 hours.
Mohab Mamish, a presidential adviser for canal projects and former canal authority chief, said a third attempt would be made at 4.30pm local time.
More than 450 ships are now stuck waiting or anchored in open sea at the Red Sea or the Mediterranean close to both ends of the canal.
The backlog is one more strain for international supply chains already stretched by the pandemic as the canal is a conduit for about 12 per cent of global trade.
Saudi Arabia threw a lifeline to shipping companies on Monday saying that vessels docked at Jeddah port would be exempt from paying storage fees for 60 days.
The decision was made to assist supply chains and global transport, with Saudi Arabia's general authority for ports saying Jeddah, which is around 1,000km south of Suez and en route for ships headed to the canal, is able to accommodate a large number of vessels.
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MATCH INFO
Southampton 0
Manchester City 1 (Sterling 16')
Man of the match: Kevin de Bruyne (Manchester City)
Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
Zayed Sustainability Prize
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Five films to watch
Castle in the Sky (1986)
Grave of the Fireflies (1988)
Only Yesterday (1991)
Pom Poki (1994)
The Tale of Princess Kaguya (2013)
Mohammed bin Zayed Majlis
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Zayed Sustainability Prize
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
The biog
Marital status: Separated with two young daughters
Education: Master's degree from American Univeristy of Cairo
Favourite book: That Is How They Defeat Despair by Salwa Aladian
Favourite Motto: Their happiness is your happiness
Goal: For Nefsy to become his legacy long after he is gon
Secret Nation: The Hidden Armenians of Turkey
Avedis Hadjian, (IB Tauris)
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
Facebook | Our website | Instagram
The biog
Name: Salvador Toriano Jr
Age: 59
From: Laguna, The Philippines
Favourite dish: Seabass or Fish and Chips
Hobbies: When he’s not in the restaurant, he still likes to cook, along with walking and meeting up with friends.
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
The Byblos iftar in numbers
29 or 30 days – the number of iftar services held during the holy month
50 staff members required to prepare an iftar
200 to 350 the number of people served iftar nightly
160 litres of the traditional Ramadan drink, jalab, is served in total
500 litres of soup is served during the holy month
200 kilograms of meat is used for various dishes
350 kilograms of onion is used in dishes
5 minutes – the average time that staff have to eat
Kamindu Mendis bio
Full name: Pasqual Handi Kamindu Dilanka Mendis
Born: September 30, 1998
Age: 20 years and 26 days
Nationality: Sri Lankan
Major teams Sri Lanka's Under 19 team
Batting style: Left-hander
Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)