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By Salma El Wardany (Bloomberg) –Libya’s oil production has picked up again after a blockade of its western fields ended and ports in the east reopened, according to the OPEC member’s energy minister..
By Salma El Wardany (Bloomberg)
An Egyptian court upheld a ruling preventing the giant container ship that blocked the Suez Canal from leaving the country, after authorities sought more than $900 million in compensation from the owners.
The decision was announced Tuesday by a court in the canal-side city of Ismailia, following a legal appeal. The 400-meter-long Ever Given is owned by Japan’s Shoei Kisen Kaisha Ltd. and was being chartered by Taiwan’s Evergreen Line when it got stuck in the southern end of the canal for six days in March.
Another hearing was set for May 22.
The vessel, traveling from China to Rotterdam, was freed after a frantic operation involving powerful tug boats and diggers. It sailed to the Great Bitter Lake, about half way along the canal, and has been kept there since. The 25 Indian crew members were all still on board as of late April, according to a statement from the manager of the ship, Bernhard Schulte Shipmanagement.
By Jack Wittels and Salma El Wardany (Bloomberg)
Traffic through Egypt’s Suez Canal was briefly halted on Tuesday, just two weeks after a giant container ship ran aground and blocked the waterway that’s vital for global trade.
The oil tanker Rumford needed to be towed by tug boats after experiencing engine problems, but was soon operational and the northbound convoy it was in was moving normally again, according to the Suez Canal Authority and Inchcape Shipping Services. (Note: Behind Rumford was the Greek-flagged crude oil tanker Minerva Nike, which was also stopped briefly before getting underway again.)
There seems to be a slowdown of traffic at the #Suez Canal again, as another ship, the #Rumford, is facing difficulties there.