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Photo: Gokturk-1 Observation Satellite/ HANDOUT via Getty Images

The massive container ship that's captured the world's attention remained stuck in the Suez Canal six days on, but authorities expressed optimism it may be dislodged this weekend.

Why it matters: More than 300 cargo ships are blocked and waiting for rescuers to free the "Ever Given," per The New York Times. The ship — which is almost as long as the Empire State Building is tall — is also causing incredible downstream damage to the global economy.

The latest: Osama Rabie, the head of Egypt’s Suez Canal Authority, told reporters at a news briefing Saturday that the vessel could be afloat again "today or tomorrow, depending on the ship’s responsiveness to the tides," per the Guardian.

  • Nearly a dozen tugboats and several dredgers have been working to free the boat, the NYT notes. Two additional tugboats were on the way to help Sunday.
  • Rescuers had hoped to take advantage of high tide to attempt to refloat the ship, but it "came and went without progress," the NYT noted.

What they're saying: Osama Rabie, the chairman of the Suez Canal Authority, said in a press conference Saturday that he could not offer an exact timeline for when the ship would be dislodged, according to AP.

  • Rabie said that if pulling the ship fails to move it, rescue teams might have to remove some containers to lighten the load.
  • “A significant incident like this is usually the result of many reasons: The weather was one reason, but maybe there was a technical error, or a human error,” Rabie added.

Editor's note: This story has been updated throughout.

Go deeper

Mar 26, 2021 - World

Mayday at the Suez Canal

An Egyptian tug uses a rope to try to free the Ever Given (owned by Evergreen). Photo: Suez Canal Authority via Getty Images

The world's biggest shipping firms face a major gamble this weekend over whether to risk the wait on a reopened Suez Canal.

Why it matters: One stuck ship is causing incredible downstream damage to the global economy.

The front-runners for Biden's Supreme Court pick

Judge Kentaji Brown Jackson (left) and Justice Leondra Kruger (right) Tom Williams-Pool/Getty Images and Lonnie Tague, US Department of Justice

Two highly accomplished Black female judges — Ketanji Brown Jackson, a judge on the D.C. Circuit Court of Appeals; and Leondra Kruger, a justice on the California Supreme Court — are seen as the early front-runners to replace retiring Supreme Court Justice Stephen Breyer.

The big picture: Jackson is a powerful federal judge with a record that progressives feel they can trust. Kruger was a highly regarded litigator and has carved out a reputation for working well with conservative judges.

Fed: Rate hikes are near

The Federal Reserve's headquarters building. Photo: Anna Moneymaker/Getty Images

The Federal Reserve is on track to raise its main target interest rate in mid-March, as Chair Jerome Powell pledged to be "humble and nimble" in adapting policy to a fast-changing economy.

Why it matters: Fed leaders are looking to choke off inflation by raising interest rates in the near future, but keeping its options open for how fast and far the effort will go.

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