Tag Archives: shipping

Egypt Seizes Ship For Cost For Blocking Suez Canal

The Washington Post reports: In the latest complication to the ill-fated voyage, Egypt has seized the Ever Given over its owners’ “failure to pay an amount of $900 million,” the state-run news outlet Ahram Gate reported. That amount represents the total compensation that Egypt says it is owed for the six-day blockage of the Suez Canal, including lost revenue from …

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Traffic Resumes In Suez Canal After Ship Dislodged

Reuters reports: With the 400-metre-long (430-yard) Ever Given dislodged, 113 ships were expected to transit the canal in both directions by early Tuesday morning, Suez Canal Authority (SCA) chairman Osama Rabie told reporters. He said a backlog of 422 ships could be cleared in 3 -1/2 days. The Ever Given had become jammed diagonally across a southern section of the …

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Suez Canal Ship Now Fully Freed And On The Move

The Wall Street Journal reports: The vast container ship that has been blocking the Suez Canal for six days has now been freed and is moving north to an anchor point, paving the way to open the critical waterway and end days of global supply delays. Engineers raced throughout Monday to finish the job of freeing the Ever Given after …

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Ship Stuck In Suez Canal Is Partially Refloated [VIDEO]

The New York Times reports: The mammoth cargo ship blocking one of the world’s most vital maritime arteries was wrenched from the shoreline and set partially afloat again early Monday, raising hopes that traffic could soon resume in the Suez Canal and limit the economic fallout of the disruption. Salvage teams, working on both land and water for five days …

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Egypt Accepts US Offer Of Help To Free Container Ship

CNN reports: The US Navy in the Middle East plans to send an assessment team of dredging experts to the Suez Canal as soon as Saturday to advise local authorities attempting to free the gigantic container ship which has been stuck there since Tuesday, according to two defense officials. The Ever Given, a container ship almost as long as the …

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Bloomberg: Suez Canal Blockage Costing $400M/Hour

The Week reports: A massive container ship is still stuck in the Suez Canal — and the situation could possibly take “weeks” to resolve. On Tuesday morning, the Ever Given, a cargo ship that’s about a quarter mile long, became stuck in Egypt’s Suez Canal, blocking shipping traffic. By Friday, it had yet to be successfully moved, and according to …

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Ship Blocking Suez Canal May Take Weeks To Free

Reuters reports: A container ship blocking the Suez Canal like a “beached whale” sent new shockwaves through global trade on Thursday as officials stopped all ships entering the channel and the salvage company said it may take weeks to free. The 400 m (430 yard) Ever Given, almost as long as the Empire State Building is high, is blocking transit …

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