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 .....»»
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 .....»»
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.....»»
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.....»»
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.....»»
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.....»»
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?.....»»
Suez Canal Authority announces refloating of Ever Given ship
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Ever Given, the giant ship blocking the Suez Canal, had another accident in 2019 when it crashed into a small ferry in Germany
The Suez Canal blockage is not the fi.....»»
Oil Tanker Rates Surge As Suez Canal Blockage Continues
Oil Tanker Rates Surge As Suez Canal Blockage Continues Submitted by OilPrice.com, Oil product tanker rates have surged almost double since a giant container ship ran aground the Suez Canal on Tuesday, blocking traffic on th.....»»
Egyptian authorities say "human error" may be to blame for the Suez Canal Ever Given crash after initially attributing it to strong wind
The epic Suez Canal blockage was initially blamed on strong winds and dust storms. Now, authorities say "human or technical error" could be vital factors. MARCH 26, 2021: .....»»
IKEA says it could have supply chain issues because of the Suez Canal blockage
The international furniture chain has over 100 containers atop the ship stuck in the.....»»
Ikea says it could have supply chain issues because of the Suez Canal blockage
The international furniture chain has over 100 containers atop the ship stuck in the Suez C.....»»
The owner of the Suez canal container ship said he hopes the huge vessel will be freed by Saturday and apologized for the "tremendous trouble" caused
The MV Ever Given has been wedged in the Suez Canal for more than three days, blocking.....»»
Philippines Alarmed By More 200 Chinese Ships Massing In Disputed Waters
Philippines Alarmed By More 200 Chinese Ships Massing In Disputed Waters If nothing else, the blockage of the Suez Canal by a massive container ship has served as an unwelcome reminder that chokepoints to .....»»
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.....»»
How Suez Canal blockage will influence energy prices, supply chain
The Cow Guy at AG Optimus Scott Shellady and former investment banker Carol Roth weigh in on the economic impact of lodged cargo ship in the Suez Canal......»»
Your gas was already getting more expensive - and the Suez Canal blockage risks driving prices even higher
Oil prices spiked in early 2021 with car usage up and Texas refineries idle. Now a giant tanker is blocking the Suez canal, an oil-market highway. The tanker blocking the Suez Canal. Suez Canal Authority/ASSOCIATED.....»»
Oil rises as much as 3% after a grounded container ship blocks the key Suez Canal trade route
Oil traded as high as $63 a barrel, up 3%, after the key Suez Canal shipping route closed temporarily after a huge container ship ran aground. The tanker is blocking the Suez Canal. Suez Canal Authority/ASSOC.....»»
Kinder Morgan and massive industrial park owner team up for project near Houston Ship Channel
Kinder Morgan Inc. (NYSE: KMI) is working with the owner of a massive industrial park in the Houston area on a carbon storage project......»»