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Bulk carrier Glory has been refloated in the Suez Canal after running aground Monday morning, according to shipping agency Leth.
"21 vessels going southbound will commence/resume their transits. Only minor delays expected," Leth tweeted.
An employee of the Suez Canal Authority, who could not be named as the news had not been officially announced, told CNBC that other ships in the canal were able to pass the Glory when it was grounded.
The vessel had loaded 65,970 metric tons of corn from Ukrainian port Chornomorsk on Dec. 25 and was bound for China, according to the Istanbul-based Black Sea Grain Initiative Joint Coordination Center (JCC). The JCC facilitates humanitarian maritime exports of grain, other foodstuffs and fertilizers from Ukraine.
The Suez Canal is one of the world's most important waterways, with its 120 miles hosting 30% of global shipping container traffic and 12% of all global trade worth about $1 trillion annually.
In March 2021, a massive 220,000-ton tanker called Ever Given got stuck across the Suez Canal for six days, causing its longest-ever closure due to a ship and holding up some $60 billion of trade."
This is a developing story and will be updated shortly.
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