A photo posted Tuesday showed the Taiwan-owned MV Ever Given, a 400-metre-(1,300-foot-)long and 59-metre wide vessel, lodged sideways and impeding all traffic across the waterway as excavation trucks struggled to dig it out. Egyptian authorities are yet to comment on the tanker incident.
Over 150 years old, the Suez Canal is one of the world's most important trade routes, providing passage for 10 percent of all international maritime trade.
Nearly 19,000 ships passed through it last year with a total tonnage of 1.17 billion, according to the Suez Canal Authority (SCA).
It has been a boon for Egypt's struggling economy in recent years, with the country earning $5.61 billion in revenues from the canal last year.
President Abdel Fattah al-Sisi unveiled plans in 2015 for an expansion designed to reduce waiting times and double the number of ships using the canal daily by 2023.