Egypt Waves Goodbye to Suez Canal Saga With Payoff and a Party typepad.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from typepad.com Daily Mail and Mail on Sunday newspapers.
Whichever company wins would partner with Egypt’s sovereign wealth fund in taking joint full ownership of Wataniya Petroleum, a fuel distribution firm that has more than 200 filling stations and is run by the North African nation’s military.
(Bloomberg) Ethiopia denied starting the second phase of filling its giant hydropower dam on a Nile River tributary, as Sudan and Egypt warned against further pooling without a binding deal on water usage.
Apr 13, 2021, 12:34 PM – Updated on Apr 14, 2021, 12:59 PM
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A court in the city of Ismailia granted a seizure request regarding the Ever Given vessel at the behest of the Suez Canal Authority.
Egypt’s move underscores the legal complications following the container vessel’s grounding on March 23, which closed the canal for six days and roiled shipping markets. Logjams are expected to continue in the coming weeks at major ports such as Singapore and Rotterdam because of disruptions to schedules, according to supply-chain data provider project44.
The 25 Indian crew members remain on board the ship, which is in the Great Bitter Lake, about halfway along the canal.
Update: Egypt Seizes Container Ship that Blocked Suez, Pending $916M Compensation By Tarek El-Tablawy and Alex Longley | April 13, 2021
Egypt seized a giant container vessel that blocked the Suez Canal last month as it sought compensation of more than $900 million.
A court in the city of Ismailia granted a seizure request regarding the Ever Given vessel at the behest of the Suez Canal Authority, state-run Ahram Gate reported on its website.
Egypt’s move underscores the legal complications following the container vessel’s grounding on March 23, which closed the canal for almost a week and roiled shipping markets. Logjams are expected to continue in the coming weeks at major ports such as Singapore and Rotterdam because of disruptions to schedules, according to supply-chain data provider project44.