(NEXSTAR) – A Netherlands-bound container ship became lodged diagonally in Egypt’s Suez Canal, stalling dozens of vessels in the early hours of Wednesday morning.

The website Vessel Finder identifies the ship as Ever Given, which is flying under a Panamanian flag from the Yantian district in China to Rotterdam.

Cairo24 reports that a sudden technical failure led to the incident, and sources said it could take at least two days to move the ship.

Ever Given, which was built in 2018 and is nearly 440 yards long, tried and failed to turn around several times, according to London-based newspaper City A.M.

The canal, which links the Mediterranean Sea to the Red Sea, is vital to world trade as the fastest route to ship goods between Europe and Asia.

It is also the source of vast sums of foreign currency for Egypt, which brought in $5.61 billion in 2020, a 3% decline from 2019, according to Reuters.

This is a developing story.