Egypt to Release Evergreen Ship Which Blocked Suez Canal
7 Jul 2021
Egypt is set to release the MV Ever Given on Wednesday, over 100 days since the megaship was refloated after blocking the Suez Canal for six days, crippling global supply lines and costing billions.
The nearly 200,000-tonne container vessel became wedged across the canal during a sandstorm on March 23, blocking a vital artery from Asia to Europe that carries 10 percent of global maritime trade and pumps vital revenues into Egyptian state coffers.
After a round-the-clock salvage operation to dislodge it, Egypt seized the ship and demanded compensation from Japanese owners Shoei Kisen Kaisha for lost canal revenues, salvage costs and damage to the canal.
جريدة الرياض | «إيفر غيفن» تغادر قناة السويس alriyadh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alriyadh.com Daily Mail and Mail on Sunday newspapers.
Egypt seized the vessel after getting into a financial dispute with its owner.
The Suez Canal Authority was seeking funds for the salvage operation, costs of stalled traffic, more
The Ever Given is leaving the Suez Canal after its Japanese owner, Shoei Kisen Kaisha Ltd., reached a settlement with the canal authorities over a compensation amount after more than three months of negotiations and a court standoff.
The settlement deal was signed in a ceremony Wednesday in the Suez Canal city of Ismailia, after which the vessel was seen sailing to the Mediterranean.
Wednesday s release came a day after an Egyptian court lifted the judicial seizure of the vessel following the Suez Canal Authority s notification that it reached a settlement in its financial dispute with the vessels owners and insurers.
The ship that got stuck in the Suez Canal is finally leaving — 106 days later lakeshoreadvance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lakeshoreadvance.com Daily Mail and Mail on Sunday newspapers.
Ever Given leaves Suez Canal after settlement contract signed Xinhua | Updated: 2021-07-08 09:54 Photo taken on July 7, 2021 shows the Ever Given container ship sailing on the Great Bitter Lake in Ismailia Province, Egypt. The Ever Given container ship which blocked the Suez Canal for nearly a week in March began its journey out of the canal on Wednesday, said Suez Canal Authority (SCA) Chairman Osama Rabie. The SCA has held the giant ship in a lake between two stretches of the waterway since it was re-floated on March 29, as the dispute over requested compensation by the SCA was not settled. [Photo/Xinhua]