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Owners, Insurers Reach Settlement to Release Ever Given Ship That Blocked Suez Canal

Owners, Insurers Reach Settlement to Release Ever Given Ship That Blocked Suez Canal July 6, 2021 ISMAILIA, Egypt The owners and insurers of the Ever Given container ship that blocked the Suez Canal in March said on Sunday a formal settlement had been agreed in a compensation dispute, and the canal authority said the vessel would be allowed to sail on July 7. The Suez Canal Authority (SCA) has held the giant ship and its crew in a lake between two stretches of the waterway since it was dislodged on March 29, amid a dispute over a demand for compensation by the SCA. The Japanese-owned Ever Given had become stuck in high winds and remained wedged across the canal for six days, disrupting global trade.

Ship that blocked Suez to go free in deal

Ship that blocked Suez to go free in deal China Daily Global | Updated: 2021-07-06 10:34 Rescue machines and vessels work at the site of the stuck container ship Ever Given on the Suez Canal, Egypt, March 28, 2021. [Photo/Xinhua] ISMAILIA, Egypt-The owners and insurers of the Ever Given container ship that blocked the Suez Canal in March said on Sunday a formal settlement had been agreed in a compensation dispute. The Suez Canal Authority has held the giant ship and its crew in a lake between two stretches of the waterway since it was dislodged on March 29, amid a dispute over a demand for compensation by the SCA. The authority said the vessel would be allowed to sail on Wednesday.

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