Ever Given: IKEA, Lenovo and many more businesses still have products stuck in the Suez Canal
CNNLondon CNN Business — The Ever Given is no longer blocking the Suez Canal, but the crisis is far from over for companies forced to endure a protracted legal battle in hopes of recovering goods worth hundreds of millions of dollars that have been stuck on the impounded container ship for months. An Egyptian court impounded the Ever Given and its 18,300 cargo containers after the Suez Canal Authority filed an initial $916 million compensation claim against Japanese ship owner Shoei Kisen Kaisha for damages and losses incurred when the ship ran aground in a narrow part of the canal, blocking traffic. Lenovo confirmed it also has cargo aboard the ship, and a spokesperson said the company is “exploring ways to recover the goods.” The stakes are even higher for companies like EasyEquipment, a small UK business that does not havemarineinsurance on $100,000 worth of commercial refrigerators that were supposed to be delivered to restaurants before coronavirus restrictions eased in May. “There seems to be ongoing shifting of blame and insurance wrangling taking place between the ship owners, Evergreen and the Suez Canal authorities,” said Pearson.
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