Shipping losses mount from cargo vessel stuck in Suez Canal
This photo released by the Suez Canal Authority on Thursday, March 25, 2021, shows two tugboats next to the Ever Given, a Panama-flagged cargo ship, after it become wedged across the Suez Canal and blocking traffic in the vital waterway from another vessel. An operation is underway to try to work free the ship, which further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear. (Suez Canal Authority via AP)

This photo released by the Suez Canal Authority on Thursday, March 25, 2021, shows two tugboats next to the Ever Given, a Panama-flagged cargo ship, after it become wedged across the Suez Canal and blocking traffic in the vital waterway from another vessel. An operation is underway to try to work free the ship, which further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear. (Suez Canal Authority via AP)

Mar. 25, 2021 06:53 AM EDT
This photo released by the Suez Canal Authority on Thursday, March 25, 2021, shows a backhoe trying to dig out the keel of the Ever Given, a Panama-flagged cargo ship, that is wedged across the Suez Canal and blocking traffic in the vital waterway. An operation is underway to try to work free the ship, which further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear. (Suez Canal Authority via AP)

This photo released by the Suez Canal Authority on Thursday, March 25, 2021, shows a backhoe trying to dig out the keel of the Ever Given, a Panama-flagged cargo ship, that is wedged across the Suez Canal and blocking traffic in the vital waterway. An operation is underway to try to work free the ship, which further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear. (Suez Canal Authority via AP)

Mar. 25, 2021 10:57 AM EDT
This satellite image from Cnes2021, Distribution Airbus DS, shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, Thursday, March 25, 2021. The skyscraper-sized cargo ship wedged across Egypt's Suez Canal further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear, authorities said. (Cnes2021, Distribution Airbus DS via AP)

This satellite image from Cnes2021, Distribution Airbus DS, shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, Thursday, March 25, 2021. The skyscraper-sized cargo ship wedged across Egypt's Suez Canal further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear, authorities said. (Cnes2021, Distribution Airbus DS via AP)

Mar. 25, 2021 12:20 PM EDT
This photo released by the Suez Canal Authority on Thursday, March 25, 2021, shows the Ever Given, a Panama-flagged cargo ship, after it become wedged across the Suez Canal and blocking traffic in the vital waterway. An operation is underway to try to work free the ship, which further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear. (Suez Canal Authority via AP)

This photo released by the Suez Canal Authority on Thursday, March 25, 2021, shows the Ever Given, a Panama-flagged cargo ship, after it become wedged across the Suez Canal and blocking traffic in the vital waterway. An operation is underway to try to work free the ship, which further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear. (Suez Canal Authority via AP)

Mar. 25, 2021 06:38 AM EDT
This satellite image from Cnes2021, Distribution Airbus DS, shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, Thursday, March 25, 2021. The skyscraper-sized cargo ship wedged across Egypt's Suez Canal further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear, authorities said. (Cnes2021, Distribution Airbus DS via AP)

This satellite image from Cnes2021, Distribution Airbus DS, shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, Thursday, March 25, 2021. The skyscraper-sized cargo ship wedged across Egypt's Suez Canal further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear, authorities said. (Cnes2021, Distribution Airbus DS via AP)

Mar. 25, 2021 12:17 PM EDT
This photo released by the Suez Canal Authority on Thursday, March 25, 2021, shows Lt. Gen. Ossama Rabei, head of the Suez Canal Authority, investigating the situation with the Ever Given, a Panama-flagged cargo ship, after it become wedged across the Suez Canal and blocking traffic in the vital waterway. An operation is underway to try to work free the ship, which further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear. (Suez Canal Authority via AP)

This photo released by the Suez Canal Authority on Thursday, March 25, 2021, shows Lt. Gen. Ossama Rabei, head of the Suez Canal Authority, investigating the situation with the Ever Given, a Panama-flagged cargo ship, after it become wedged across the Suez Canal and blocking traffic in the vital waterway. An operation is underway to try to work free the ship, which further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear. (Suez Canal Authority via AP)

Mar. 25, 2021 06:42 AM EDT
In this satellite image from Planet Labs Inc., the cargo ship MV Ever Given, upper right, sits wedged in the Suez Canal near Suez, Egypt, Thursday, March 25, 2021. The skyscraper-sized cargo ship wedged across Egypt's Suez Canal further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear, authorities said. (Planet Labs Inc. via AP)

In this satellite image from Planet Labs Inc., the cargo ship MV Ever Given, upper right, sits wedged in the Suez Canal near Suez, Egypt, Thursday, March 25, 2021. The skyscraper-sized cargo ship wedged across Egypt's Suez Canal further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear, authorities said. (Planet Labs Inc. via AP)

Mar. 25, 2021 04:46 AM EDT
This photo released by the Suez Canal Authority on Thursday, March 25, 2021, shows the head of the Suez Canal Authority, Lt. Gen. Ossama Rabei, center, with a team look from another vessel towards the Ever Given, a Panama-flagged cargo ship, after it become wedged across the Suez Canal. An operation is underway to try to work free the ship, which further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear. (Suez Canal Authority via AP)

This photo released by the Suez Canal Authority on Thursday, March 25, 2021, shows the head of the Suez Canal Authority, Lt. Gen. Ossama Rabei, center, with a team look from another vessel towards the Ever Given, a Panama-flagged cargo ship, after it become wedged across the Suez Canal. An operation is underway to try to work free the ship, which further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear. (Suez Canal Authority via AP)

Mar. 25, 2021 07:08 AM EDT
This photo released by the Suez Canal Authority on Thursday, March 25, 2021, shows the Ever Given, a Panama-flagged cargo ship, after it become wedged across the Suez Canal and blocking traffic in the vital waterway. An operation is underway to try to work free the ship wedged across Egypt's Suez Canal, which further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear. (Suez Canal Authority via AP)

This photo released by the Suez Canal Authority on Thursday, March 25, 2021, shows the Ever Given, a Panama-flagged cargo ship, after it become wedged across the Suez Canal and blocking traffic in the vital waterway. An operation is underway to try to work free the ship wedged across Egypt's Suez Canal, which further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear. (Suez Canal Authority via AP)

Mar. 25, 2021 06:35 AM EDT
This photo released by the Suez Canal Authority on Thursday, March 25, 2021, shows Lt. Gen. Ossama Rabei, center, head of the Suez Canal Authority, with a team investigating the situation with the Ever Given, a Panama-flagged cargo ship, after it become wedged across the Suez Canal and blocking traffic in the vital waterway. An operation is underway to try to work free the ship, which further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear. (Suez Canal Authority via AP)

This photo released by the Suez Canal Authority on Thursday, March 25, 2021, shows Lt. Gen. Ossama Rabei, center, head of the Suez Canal Authority, with a team investigating the situation with the Ever Given, a Panama-flagged cargo ship, after it become wedged across the Suez Canal and blocking traffic in the vital waterway. An operation is underway to try to work free the ship, which further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear. (Suez Canal Authority via AP)

Mar. 25, 2021 06:51 AM EDT
Ships anchor in Lake Timsah, Ismailia, halfway through Egypt’s Suez canal on Thursday, March 25, 2021. At least 150 vessels are waiting to use the Suez Canal after a skyscraper-sized cargo ship wedged across the vital waterway, according to canal service provider Leth Agencies. It says the backup Thursday affected ships both needing to travel into the Mediterranean and the Red Seas. (Associated Press/ Sam Magdy)

Ships anchor in Lake Timsah, Ismailia, halfway through Egypt’s Suez canal on Thursday, March 25, 2021. At least 150 vessels are waiting to use the Suez Canal after a skyscraper-sized cargo ship wedged across the vital waterway, according to canal service provider Leth Agencies. It says the backup Thursday affected ships both needing to travel into the Mediterranean and the Red Seas. (Associated Press/ Sam Magdy)

Mar. 25, 2021 03:27 AM EDT