20 livestock vessels among those stuck at the Suez Canal

Container ship blocking Suez Canal will impact Canadians too

The Suez Canal has been temporarily suspended since Tuesday when a massive Panamanian container cargo ship, Ever Given, ran aground while passing through the new channel in the canal.

Egypt's president Abdul Fattah al-Sisi ordered preparations to lighten the load of the stranded ship on Sunday.

Suez Canal Authority chairman Osama Rabie gave a press conference on Saturday afternoon explaining what efforts had been made, what the current situation is, and what will happen next.

Rabie said the canal was losing $13-14 million in revenue daily after halting traffic due to the grounded ship and that 369 vessels were waiting to transit the canal.

The Shipping and Island Policy and Foreign Affairs Ministries had informed Egypt early on that it was ready to help by either sending tow ships or drilling equipment to help unstuck the containership "Ever Given".

So what if several teams of experts have not been able to refloat the giant Evergreen container ship stuck in the Suez canal, the social media has offered some unique or should we say downright insane plans to open one of the most crucial waterways in the world.

Boskalis owns Smit Salvage, which was brought in this week to help with efforts by the Suez Canal Authority (SCA) to dislodge the ship.

A high tide was expected to start Sunday night.

Egypt inaugurated the New Suez Canal, which cost $8 billion, in August 2015 as part of plans to revive the country's economy and restore Egypt's position as an important center for trade.

Rabie raised hopes on Saturday that the Ever Given could be freed by Sunday.

The canal authority said workers are trying to refloat the vessel by using dredges at low tide and pulling it with tugboats at high tide.

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Although strong tides and winds complicated efforts to free the ship, the tugboats managed to move it 30 degrees in two directions.

All 25 members of the crew remain on board and in "good health and spirits", the company said.

Experts have warned that might take several weeks.

Bernhard Schulte said two canal pilots had been aboard when the ship got stuck.

"Most major container lines are now diverting ships round Cape of Good Hope and warning of supply chain disruption ahead. Some are starting to reject bookings", it said on Twitter. At first a gust of wind was thought to be to blame .

But Rabie said on Saturday that "strong winds and weather factors" were not exclusively responsible, saying there "may have been technical or human errors".

Even more ships are joined the queue while others have been reditrected by their owners to the much longer Cape route, around southern Africa.

Separately, data from shipping journal Lloyd's List shows the stranded ship is holding up an estimated $9.6bn of trade along the waterway each day.

In a sign of the knock-on effects, Syrian regime authorities said on Saturday they had been forced to ration already scarce fuel supplies, as the Suez suspension "has impacted oil imports to Syria and slowed arrival of a ship carrying fuel and oil products".

IKEA, a Swedish furniture company operating in at least 41 countries, now has over 100 containers with products atop the beached ship, according to Swedish daily newspaper Svenska Dagbladet.

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