Egypt's Suez Canal Authority said Saturday that a shipping traffic jam caused by a giant container vessel getting stuck on the crucial waterway for almost a week has been cleared.

"All the ships waiting in the waterway since the grounding of the... (MV) Ever Given have completed passage," SCA chief Osama Rabie said in a statement by the canal authority.

The 200,000-tonne megaship was refloated on Monday, by which point the backlog had reached more than 400 vessels.

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SCA - SVENSKA CELLULOSA AB