And with over 300 ships and billions of dollars-worth of cargo now stalled at the entrances to the Suez Canal, many operators have already rerouted vessels around the Cape of Good Hope.
Each day that the Ever Given is stuck puts the global supply chain one step closer to full-blown crisis.
Some shippers had made a decision to reroute their cargoes around the Cape of Good Hope, adding about two weeks to journeys and extra fuel costs.
High pressure water would be injected under the bow of the ship to remove sand and clay but if that was unsuccessful, containers might have to be removed from the ship, which would cause a considerable delay, he said.
"Even when the canal gets reopened, the ripple effects on global capacity and equipment are significant", the world's largest container shipping company Maersk said in a customer advisory on Monday.
The Ever Given ship, which is seen here blocking the Suez Canal, has finally been freed.
About 15% of world shipping traffic transits the Suez Canal, which is an important source of foreign currency revenue for Egypt.
Video posted on social media showed the ship being moved by the tug boats, opening up space in the Suez Canal for the first time in almost a week.
Watch live as Japanese say Ever Given ship freed within hours
Russian Federation and Saudi Arabia , which send the most oil through the canal, are likely to be particularly affected. In addition to oil, consumer goods such as clothing, furniture and auto parts are transported through the canal.
A specialist US Navy team is heading to the Suez Canal to to advise local authorities attempting to free the big container ship that has been stuck there for days.
From there the operation to fully free the stranded ship appeared to be moving swiftly.
Egypt's Leth Agencies tweeted the ship had been partially refloated, pending official confirmation from the Suez Canal Authority (SCA). "The stern. moved to 102 metres (335 feet) from the shore", compared to its position four metres from the shore previously, SCA chief Osama Rabie said.
Crude oil prices fell after the initial progress in refloating the ship but reversed course to leave Brent crude little changed at $63.55 a barrel. Another powerful tugboat, the Italian-flagged Carlo Magno, arrived at the scene to join the work Monday, and the flotilla would now focus its efforts on the front of the ship, said Berdowski.
Dave Hinton, the owner of a timber company in northwest England, said he had a consignment of French oak stuck on a ship.
Helped by the peak of high tide, a flotilla of tugboats managed to wrench the bulbous bow of the skyscraper-sized Ever Given from the canal's sandy bank, where it had been firmly lodged since last Tuesday. "Now we will start working at the front".
Ikea and Dixons Carphone are among retailers with goods stuck on the container ship that is now stranded in the Suez Canal. "Whatever that has been accumulated so far will take time to clear".