Salvage teams managed to free the colossal container ship, Ever Given, stuck for nearly a week in the Suez Canal, ending a crisis that had clogged one of the world’s most vital waterways and halted approximately USD 9 billion a day in maritime commerce.

Egyptian authorities expect to get more than USD 1 billion from Ever Given to cover damage and losses incurred in operations to float the mega ship that blocked the vital waterway for several days.

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