A cargo ship navigates in the Suez Canal, past the port authority building of Port Said, in 2008. The passageway hosts nearly 19,000 vessels each year. CRIS BOURONCLE/AFP/Getty Images.

The Suez Canal Authority said canal traffic would resume by evening. It's not known how long it will take to clear the backlog of more than 300 ships waiting to enter the canal.

It's said to be bigger than the Empire State Building. The Suez Canal is an Egyptian waterway connecting Europe and Asia, responsible for facilitating about 12% of all global trade.

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The blockage of the Suez Canal by a ship the size of the Empire State Building has stoked economic anxieties around the globe, that only escalate each day the critical maritime trade route remains ...

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How did a ship get stuck? The MV Ever Given, owned by the Japanese firm Shoei Kisen KK, grounded to the bottom of the canal Tuesday. The ship is about as long as the Empire State Building is tall.

A cargo ship navigates in the Suez Canal, past the port authority building of Port Said, in 2008. The passageway hosts nearly 19,000 vessels each year.