The so-called Ever Given, a 224,000-ton, 1,300-foot-long container ship registered in Panama, was "successfully refloated" and its course straightened at around 3 p.m. local time, after engineers spent days trying to pull the fully laden vessel with tugboats, according to statements from Egypt's Suez Canal Authority and stakeholders.
Some 30,000 cubic-meters of sand was dredged to help dislodge the Ever Given, along with the deployment of 11 harbor tugs and two seagoing tugs. The Suez Canal was no longer jammed as the massive vessel was towed to a location outside the channel for further inspection, according to Boskalis Westminster, the parent company of the Dutch salvage firm hired to extract the ship.
"I'm extremely proud of the outstanding job done by the team on site as well as the many SMIT Salvage and Boskalis colleagues back home to complete this challenging operation under the watchful eye of the world," Peter Berdowski, CEO of Boskalis Westminster, said in a statement Monday. "The time pressure to complete this operation was evident and unprecedented."
The Ever Given "will be repositioned to the Great Bitter Lake," located halfway between the northern and southern ends of the Suez Canal, "for an inspection of its seaworthiness," according to Evergreen Marine Corp., the Taiwanese firm that is leasing the chartered vessel.
"The outcome of that inspection will determine whether the ship can resume its scheduled service," Evergreen Marine Corp. said in a statement Monday. "Once the inspection is finalized, decisions will be made regarding arrangements for cargo currently on board."
Suez Canal Authority Chairman Osama Rabie was expected to announce the resumption of navigation through the canal on Monday evening.
Shipping traffic came to a complete halt while the vessel remained stuck sideways across the Suez Canal, one of the world's busiest trade routes that provides the shortest maritime link for goods traveling from Asia to Europe by connecting the Mediterranean Sea to the Red Sea.
Shoei Kisen Kaisha, the Japanese company that owns the Ever Given, said in a statement last Thursday that it was working with local authorities in the North African country to resolve the situation, which was proving "extremely difficult."
"We sincerely apologize for causing a great deal of worry to ships in the Suez Canal and those planning to go through the canal," the company added.
As the blockage neared the one-week mark, there were growing concerns over how it could impact the global economy and supply chains. About 12% of the world's trade volume passes through the Suez Canal, including approximately 1.9 billion barrels of oil per day.
ABC News' Catherine Thorbecke contributed to this report.