Egypt impounds ship that got stuck in Suez Canal, wants $900 million in compensation

April 14th, 20210 EGYPT — An Egyptian court has ordered the Japanese owner of the massive "Ever Given" cargo ship that got stuck in the Suez Canal last month to pay $900 million in compensation for the impact on economic transit it caused. The ship is now impounded and its cargo seized by Egyptian authorities. The authorities say the...

Stuck ship partially freed in the Suez Canal

March 29th, 20210 EGYPT — Ever Given, the 224,000-ton container ship that has captured the world's attention in recent days as it remained stuck in the Suez Canal for nearly a week, has been partially dislodged, though more work is required before it is fully afloat. The Suez Canal in Egypt is one of the world's busiest trade-ways. It is estimated...