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Suez Canal container ship freed

Rescuers fully dislodged the "Ever Given" from the banks of the Suez Canal on Monday, sending the skyscraper-sized container ship on its way after six days of paralysis in the vital shipping route, AP reports.

Why it matters: The massive maritime traffic jam forced shippers with containers carrying oil, commodities and consumer goods to reroute around the southern tip of Africa, adding weeks and tens of thousands of dollars of additional costs to their voyages.

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