Suez Canal logjam ends, last ships expected to transit today

(ZEROHEDGE) – The Suez Canal Authority (SCA) reports all of the 422 ships stranded following the grounding of the massive container ship, Ever Given, on the southern stretch of the canal, passed through Saturday, ending the logjam of vessels caused by the blockage.

Ever Given was grounded on Mar. 23, and it wasn't ungrounded until Mar. 29, a total of about six days, when salvage teams freed the ship. All week, SCA boosted vessel flow through the canal above the average 50 per day to alleviate the traffic jam.

Osama Rabie, the chairman of the SCA, said a total of 80 vessels transited the canal on Friday. He said 85 ships were expected to pass through the canal on Saturday, therefore ending the shipping backlog.

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