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Egypt seizes Ever Given ship in Suez Canal, demands compensation

This turns up pressure on Ever Given's owner to negotiate a settlement that Egyptian authorities are claiming should be roughly $1 billion for damage to the canal and lost business.....»»

Category: topSource: foxnewsApr 14th, 2021

The Suez Canal will be widened by 131 feet to avoid a repeat of the Ever Given chaos, authorities say

The Suez Canal Authority said this week it plans on widening and deepening parts of the waterway to improve the movement of ships in the area. Container ship Ever Given stuck in the Suez Canal, Egypt on .....»»

Category: smallbizSource: nytMay 15th, 2021

Ever Given ship forbidden to leave the Suez Canal until its owners pay up to $1 billion in compensation for the chaos it caused

The Japanese-owned container ship might .....»»

Category: dealsSource: nytApr 11th, 2021

A Massive Cargo Ship Stuck in Egypt’s Suez Canal Is Imperiling Shipping Worldwide

By one estimate, $9 billion worth of goods are held up for each day the Suez Canal is closed ISMAILIA, Egypt — A skyscraper-.....»»

Category: topSource: timeApr 7th, 2021

Memes mocking the Suez Canal blockage spurred rescue teams to work even harder, a mariner on the job said

The whole world - including Egypt - made memes about the Ever Given's grounding. They were on the rescue team's mind when the ship was freed. A man waves an Egyptian flag the Ever Given sails in the Suez Canal, Egypt on March 29, 20.....»»

Category: smallbizSource: nytApr 1st, 2021

With ship now freed, a probe into Suez Canal blockage begins

Experts boarded the massive container ship Tuesday that had blocked Egypt’s vital Suez Canal and disrupted global trade for nearly a week, seeking answers to a single question that could have billions of dollars in legal repercussions: What went wrong?.....»»

Category: topSource: foxnewsMar 31st, 2021

Workers Making Some Progress In Refloating Giant Container Ship Blocking Suez Canal

The giant container ship Ever Given remained stuck sideways in Egypt's Suez Canal for a fifth day Saturday. read more.....»»

Category: blogSource: benzingaMar 27th, 2021

Egypt added a second ship channel to part of the Suez Canal in 2015, but the Ever Given was beached on a separate section of the canal that wasn"t expanded

Egypt added a second s.....»»

Category: personnelSource: nytMar 27th, 2021

Latest satellite images show efforts to free the giant container ship, Ever Given, stuck in Suez Canal

High-resolution photos taken from space on the morning of March 27, show the stricken vessel and the traffic jam of ships caused by the blocked Suez Canal. Container ship Ever Given stuck in the Suez Canal, Egypt on March.....»»

Category: worldSource: nytMar 27th, 2021

Where is the Suez Canal and how did a ship get stuck in it?

A large cargo ship has been stuck in Egypt's Suez Canal since Tuesday, disrupting traffic in the vital waterway as officials try to remove the vessel while others continue to await passage to transport goods......»»

Category: topSource: foxnewsMar 26th, 2021

The giant ship stuck in the Suez Canal is costing the global economy an estimated $400 million per hour

On average, $9.7 billion in goods travels through the canal, which connects Asia and Europe, every day. The Ever Given, trapped in the Suez Canal, Egypt, as of Thursday, March 25, 2021. Suez Canal Authority A c.....»»

Category: smallbizSource: nytMar 25th, 2021

Global losses mount as giant cargo ship still stuck across Egypt’s Suez Canal

Dredgers, tugboats and even a backhoe failed to free a giant cargo ship wedged in Egypt’s Suez Canal on Thursday.Dredgers, tugboats and even a backhoe failed to free a giant cargo ship wedged in Egypt’s Suez Canal on Thursday......»»

Category: topSource: chicagotribuneMar 25th, 2021

U.S. oil prices gain nearly 6% as a ship blocks passage through the Suez Canal

U.S. oil futures climbed by almost 6% Wednesday, as a ship that's stuck in Egypt's Suez Canal threatened the flow of oil through the critical wate.....»»

Category: topSource: marketwatchMar 24th, 2021

Massive cargo ship turns sideways, blocks Egypt"s Suez Canal

The Ever Given had listed its destination as Rotterdam in the Netherlands prior to getting stuck in the canal.....»»

Category: topSource: foxnewsMar 24th, 2021

The Ever Given"s owner has blamed the Suez Canal Authority for the blockage, saying it wrongly allowed the ship to enter the area during poor weather conditions

Lawyers representing the Ever Given's owner said the ship should have been chaperoned by at least two tug boats, "but this didn't happen." The Ever Given in .....»»

Category: worldSource: nytMay 23rd, 2021

Ever Given crew members whose work contracts have expired allowed to leave the impounded ship and return home

The Suez Canal Authority has granted permission for three crew members of the impounded Ever Given container ship to disembark. Lt. Gen. Ossama Rabei, head of the Suez Canal Authority (second right) speaks to other staff.....»»

Category: topSource: businessinsiderMay 1st, 2021

Suez Canal bosses deny holding the Ever Given crew to ransom, saying they"re free to leave as long as there"s enough to run the ship

As unions call for more of the Ever Given's crew to be allowed to leave the ship, the Suez Canal Authority has denied they are being detained. A satellite view of the Ever Given in the Suez Canal.....»»

Category: smallbizSource: nytApr 27th, 2021

The operators of the Ever Given may be forced to unload its 18,000 cargo containers onto other ships, report says

Ever Given's operators are facing mounting pressure to deliver their goods to customers while the ship is trapped in legal limbo in the Suez Canal. The Ever Given, a Panama-flagged cargo ship, is seen in.....»»

Category: topSource: businessinsiderApr 18th, 2021

Egypt Impounds Suez-Blocking Megaship "Ever Given" As Authorities Seek $900 Million Compensation

Egypt Impounds Suez.....»»

Category: blogSource: zerohedgeApr 14th, 2021

2 experts explain why the company whose ship blocked the Suez Canal has seen its stock surge 28% since the incident started

Shares of Evergreen Marin.....»»

Category: topSource: businessinsiderApr 12th, 2021

Suez Canal supply chain snafu likely to "untangle itself" in "next week or so": Ex-Shell Oil president

The massive cargo ship blocking the Suez Canal has finally been freed and the supply chain backup shouldn't take long to resolve itself, former Shell Oil president John Hofmeister told “Cavuto: Coast to Coast” Monday......»»

Category: topSource: foxnewsMar 29th, 2021