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Experts examine bottom of big ship that was stuck in Suez

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REUTERS

"Admiral Osama Rabie, head of the Suez Canal Authority, has announced the resumption of shipping traffic in the Suez Canal", the Suez Canal Authority said in a statement, shortly after shipping sites had showed it to have once more diagonally blocked the waterway.

"The crisis was big", the president said during his visit to the Maritime Training and Simulation Centre of the Suez Canal Authority in Ismailia, adding that the problem was "solved without losses in the lives or the ship".

Shipping convoys through the canal resumed on Monday evening after tugs pulled the 400-meter-long (430-yard) Ever Given container carrier free from the spot where it became wedged on March 23. It was reopened after the enormous cargo ship was towed in the direction of the Bitter Lakes on Monday.

About 12% of global trade passes through the 193km (120-mile) canal, which connects the Mediterranean Sea to the Red Sea and provides the shortest sea link between Asia and Europe.

The Japanese owner of the Ever Given said it had not received any claims or lawsuits over the blockage.

He said a personal error or a technical error is likely to have caused the ship to run aground beside the strong dust and wind.

The investigation includes examining the equipment of the ship, determining whether they had been used before it got stuck, and if they gave warning before the stranding or not.

The results of the investigation could have major legal repercussions, as various parties seek to recoup the costs of the repairs to the ship and the canal, as well as the salvage operation and delays to other vessels.

Knock-on effects to global shipping and at ports could take much longer to disentangle.

"It's also about where assets are placed around the world".

"All of this will ripple through the supply chain", he warned.

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