The container ship Ever Given, which had been blocking the Suez Canal for almost a week, was successfully re-floated on Monday.
This development, confirmed by Inchcape Shipping Services, raises expectations for the swift reopening of the critical global shipping route.
The blockage had halted 15% of world shipping traffic, causing daily losses of $14-15 million for the canal and significantly disrupting global supply chains, leading to rerouting and increased costs.
Following the news of the ship's re-floating, crude oil prices fell, while shares of the vessel's lessor, Evergreen Marine Corp, saw a rise.
Sihasak urges Thais in Europe to stay alert as protests spread
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Thai Foreign Minister Sihasak Phuangketkeow advises Thai nationals in Europe to avoid protest areas and reconsider non-essential travel, citing widespread unrest in countries like France, Italy, and Spain.
The warning comes as demonstrations escalate, with some turning violent, prompting concerns for safety and leading to an emergency Cabinet meeting in Italy and a proposed postponement of diplomatic talks.
Thai embassies and the Department of Consular Affairs issue advisories, urging citizens to monitor local developments, follow official announcements, and register their travel details for assistance, while emphasizing that no Thais have been directly affected yet.