Ever Given News

Ever Given Ship Resumes Voyage After 112 Days in Egypt’s Waters

The Ever Given container ship that had blocked the Suez Canal in March left Egyptian waters at 4 a.m. local time following inspections at Port Said, a canal source said on Tuesday. Ship tracker MarineTraffic showed the Ever Given to …

Owners, Insurers Reach Settlement to Release Ever Given Ship That Blocked Suez Canal

ISMAILIA, Egypt — The owners and insurers of the Ever Given container ship that blocked the Suez Canal in March said on Sunday a formal settlement had been agreed in a compensation dispute, and the canal authority said the vessel …

Agreement in Principle Reached Over Suez Canal Ship Dispute

ISMAILIA — The owners and insurers of a giant cargo ship that blocked the Suez Canal in March have reached agreement in principle in a compensation dispute with the canal authority, their representative and the canal’s chairman said on Wednesday. …

Amid Dispute, Suez Canal Blames Ship’s Grounding on Speed, Rudder

ISMAILIA, Egypt — The container ship that got stuck in the Suez Canal in March was struggling to steer because of its high speed and the size of its rudder, and could have chosen not to enter the waterway in …

Suez Canal’s Claim Over Once-Stuck Ship Referred by Court

CAIRO (AP) — An Egyptian appeals court said Sunday it lacks jurisdiction to look into the Suez Canal Authority’s demands to uphold financial claims that led to the seizure of the cargo ship that blocked the waterway in March. The …

Insurer of Ship That Blocked Suez Canal Says Reduced Claim Still High

CAIRO — UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related …

Egyptian Court Rejects Appeal Against Detention of Ship in Suez Canal

CAIRO — An Egyptian court on Tuesday ruled that the container ship which blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner against its detention, a judicial source …

Dislodged Ship Held in Suez Canal as Talks Continue Over $916M Claim

CAIRO — A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million compensation claim against the ship’s Japanese owner, one of the vessel’s insurers …

Global Supply Lines Struggle to Clear Container Backlog After Suez Chaos

LONDON/LOS ANGELES — A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say. Dozens of container …

Lloyd’s of London Sees ‘Large Loss’ Due to Suez Canal Blockage

LONDON — The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s of London, its chairman said on Wednesday, as the insurance market recorded a 900 million pound ($1.2 billion) pretax loss …