SUEZ, Egypt — Salvage teams on Monday freed a colossal container ship stuck for nearly a week in the Suez Canal, ending a crisis that had clogged one of the world’s most vital waterways and halted billions of dollars a day in maritime commerce.

Helped by the high tide, a flotilla of tugboats wrenched the bulbous bow of the skyscraper-sized Ever Given from the canal’s sandy bank, where it had been firmly lodged since March 23.

The tugs blared their horns in jubilation as they guided the Ever Given through the water after days of futility that had captivated the world, drawing scrutiny and social media mockery.

At least 367 vessels, carrying everything from crude oil to cattle, are backed up as they wait to traverse the canal. Dozens of others have taken the long, alternate route around the Cape of Good Hope at Africa’s southern tip — 3,100-mile detour that costs ships hundreds of thousands of dollars in fuel and other costs.