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Rescue vessels work at the site of the stuck container ship Ever Given on the Suez Canal. Photo: Xinhua/Ahmed Gomaa via Getty Images

Rescue teams on Monday fully freed the "Ever Given" container ship that's been stuck in the Suez Canal for a week, hours after partially refloating the skyscraper sized vessel.

Go deeper: Read the full story

Go deeper

Updated Mar 28, 2021 - World

Suez update: Race to free stuck ship intensifies

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.

Maersk: Suez impact on global trade could take months to unravel

Photo: AFP via Getty Images

Maersk, the world's largest container shipping company, said in an advisory on Monday that the "ripple effects" from the six-day blockage of the Suez Canal by a massive cargo ship has triggered a series of disruptions to global trade that could "take weeks, possibly months, to unravel."

The state of play: The Ever Given had been partially refloated as of Monday morning, but not yet fully dislodged. Maersk said that it's too early to say when the Suez will be cleared for operations again, but that it could take at least six days for its current queue of ships to pass through.

Ina Fried, author of Login
5 mins ago - Technology

Microsoft's Activision Blizzard deal complicates Big Tech regulation

Illustration: Megan Robinson/Axios

Microsoft's surprise $68 billion deal to buy Activision Blizzard is adding a fresh twist to the heated debate over which tech companies have monopolies that need to be reined in.

The big picture: The deal could force a question the company has happily ducked for a decade: whether its size and power make it just as deserving of regulatory scrutiny as its Big Tech rivals.