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CAIRO, Jan 2 — Egypt’s Suez Canal Authority said the key waterway netted record revenues last year, despite the coronavirus pandemic and a six-day blockage by giant cargo ship the Ever Given. Connecting the Red Sea and the Mediterranean, the canal accounts for roughly 10 per cent of global...
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Last Updated: Suez Canal Authorities (SCA) At Fault Over Stranding Ever Given, Says Japanese Owner Japanese company Shohei Kisen argued that Panamanian flagged Ever Given veered off its course because SCA insisted that ship was “good to enter" in bad weather. IMAGE: AP World's largest container ship, MV Ever Given that had stranded sideways blocking Egypt’s key maritime route Suez Canal was caused due to the negligence of the Suez Canal authorities, an attorney disputing the compensation claims said Saturday. The Suez Canal Authority had earlier last month slapped a $916.5 million c...
The megaship which blocked Egypt's Suez Canal and crippled world trade for nearly a week has been "seized" on court orders until the vessel's owners pay $900 million, canal authorities said Tuesday.