Settlement reached to release ship that blocked Suez Canal
3 years, 5 months ago

Settlement reached to release ship that blocked Suez Canal

Al Jazeera  

Deal between the Suez Canal Authority and the owners of the Ever Given will be signed on Wednesday in Ismailia, Egypt. The Suez Canal Authority says it has reached an agreement to settle a financial dispute with the owners of a hulking container ship that blocked the crucial waterway in Egypt for nearly a week earlier this year. The head of Egypt’s Suez Canal Authority, Osama Rabie, said last month the parties had agreed on a compensation amount. The canal earned revenue of $3bn in the first six months of 2021, up 8.8 percent compared with the same period last year, despite the Ever Given accident, Rabie said.

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History of this topic

Ship Ever Given that blocked Suez Canal released
3 years, 5 months ago

Ship Ever Given that blocked Suez Canal released

Al Jazeera  

The Ever Given left the canal’s Great Bitter Lake where it was held for more than three months amid a financial dispute. The Ever Given, one of the world’s largest container ships, resumed its journey to leave the Suez Canal on Wednesday, 106 days after becoming wedged across a southern section of the waterway for nearly a week and disrupting …

Ever Given: Deal agreed to release ship that blocked Suez Canal
3 years, 5 months ago

Ever Given: Deal agreed to release ship that blocked Suez Canal

The Independent  

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Egypt Seizes Massive Cargo Ship Ever Given Over $900 Mn Suez Canal Bill
3 years, 8 months ago

Egypt Seizes Massive Cargo Ship Ever Given Over $900 Mn Suez Canal Bill

News 18  

Egyptian authorities have seized a massive cargo ship which blocked the Suez Canal for almost a week last month, amid a dispute over financial damages. An Egyptian court ordered the vessel’s Japanese owner, Shoei Kisen Kaisha, to pay $900 million in compensation as a result of losses inflicted when the Panamanian-flagged Ever Given prevented marine traffic from transiting through the …

Suez Cargo Vessel Stuck in Legal Dispute in Egypt Fit for Onward Travel, Says Technical Manager
3 years, 8 months ago

Suez Cargo Vessel Stuck in Legal Dispute in Egypt Fit for Onward Travel, Says Technical Manager

News 18  

The cargo vessel that blocked global shipping in the Suez Canal and is caught in a legal dispute in Egypt is fit to sail once approval is given, its technical manager said on Wednesday. “BSM’s primary goal is a swift resolution to this matter that will allow the vessel and crew to depart the Suez Canal.” Taiwan’s Evergreen Line, which …

Egypt seizes Suez ship 'Ever Given', demands $900 million compensation
3 years, 8 months ago

Egypt seizes Suez ship 'Ever Given', demands $900 million compensation

India Today  

The megaship which blocked Egypt's Suez Canal and crippled world trade for nearly a week has been "seized" on court orders until the vessel's owners pay $900 million, canal authorities said Tuesday. The MV "Ever Given was seized due to its failure to pay $900 million" compensation, Suez Canal Authority chief Osama Rabie was quoted as saying by Al-Ahram, a …

Last of 400 stranded ships pass through Suez Canal as compensation case looms
3 years, 8 months ago

Last of 400 stranded ships pass through Suez Canal as compensation case looms

ABC  

The last of 400 ships blocked at Egypt's Suez Canal have now passed through the waterway, the Suez Canal Authority said. Key points: 422 ships with a total net load of 26 million tonnes had passed through the canal since it's reopening The Egyptian government said the vessel will not be released until compensation is settled Insiders said this could …

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