Teams of engineers on Sunday managed to partially free a massive container ship that's been stuck in the Suez Canal for a week, per the Wall Street Journal.
Why it matters: With the Ever Green ship is afloat, it raises hopes that one of the world's busiest trade routes could soon reopen.
Yes, but: "While the ship is floating again, it wasn't immediately clear how soon the waterway would be open to traffic, or how long it will take to clear the logjam of more than 450 ships stuck, waiting and en route to the Suez that have identified it as their next destination," Bloomberg notes.
Editor's note: This a breaking news story. Please check back for updates.