Page 35 - Ever Given News Today

Navigation through was not affected after the One Orpheus container ship lost control Wednesday and crashed into the El-Mansy floating bridge, the Suez Canal Authority (SCA) said early Thursday in Cairo. About 10% of the worlds commerce passes through the Suez Canal, earning Egypt about US$ 8 billion a year.

It might not be the most glamorous industry, but if the shipping industry came to even a temporary halt, the global economy would suffer.

After the drought made the canal shallower, ships now have to lighten their loads. The result is fewer containers making the crossing per day, heightening the chance that many goods wont make it to their destinations in time for Christmas.

The Suez Canal, which connects the Mediterranean Sea with the Red Sea and runs for more than 120 miles, took a decade to construct in the 19th century before it was opened in 1869

The Suez Canal is currently closed after a container ship crashed into the Mansi bridge.

Danish shipping giant Maersk initially wanted $44 million in damages over delays caused by the Ever Given. The case was quietly settled out of court.

A satellite image of the Ever Given grounded in the Suez Canal. Satellite image ©2021 Maxar Technologies Shipping giant Maersk has settled a case over the…

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Maersk settles lawsuit over blockage Suez Canal in 2021

Maersk Group has decided to settle a lawsuit over the disruption caused by the grounding of the massive boxship Ever Given, which shut down the Suez C...