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Reinsurers set to bear brunt of costs for Suez Canal grounding Reuters 3 hrs ago By Jonathan Saul and Carolyn Cohn © Reuters/MOHAMED ABD EL GHANY FILE PHOTO: Ship Ever Given, one of the world's largest container ships, is seen after it was fully floated in Suez Canal By Jonathan Saul and Carolyn Cohn LONDON (Reuters) - Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic in the Suez Canal, industry sources said, with payouts expected to run into hundreds of millions of dollars. International supply chains were thrown into disarr...

Suez Canal may expand southern channel, chairman says The Suez Canal Authority is considering expanding the southern section of the waterway where the container ship Ever Given became stranded, its chairman said on Tuesday. It is also looking into procuring cranes that could potentially offload cargo at heights of up to 52 meters, Osama Rabie told Reuters in an interview. “Our procedures are sound, we are just aiming to improve the service,” he said. The 400-metre-long (1,310 ft) Ever Given became grounded diagonally across the southern section of the canal during high winds on March 23. ...

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Slideshow ( 2 images ) ISMAILIA, Egypt (Reuters) - The Suez Canal Authority is considering expanding the southern section of the waterway where the container ship Ever Given became stranded, its chairman said on Tuesday. It is also looking into procuring cranes that could potentially offload cargo at heights of up to 250 metres (820 ft), Osama Rabie told Reuters in an interview. “Our procedures are sound, we are just aiming to improve the service,” he said. The 400-metre-long (1,310 ft) Ever Given became grounded diagonally across the southern section of the canal during high winds on Mar...

By Nadeen Ebrahim and Patrick Werr ISMAILIA, Egypt, April 6 (Reuters) – The Suez Canal Authority is considering expanding the southern section of the waterway where the container ship Ever Given became stranded, its chairman said on Tuesday. It is also looking into procuring cranes that could potentially offload cargo at heights of up to 52 meters, Osama Rabie told Reuters in an interview. “Our procedures are sound, we are just aiming to improve the service,” he said. The 400-meter-long (1,310 ft) Ever Given became grounded diagonally across the southern section of the canal during high...