Egypt wants $1 billion in compensation for the incident, and the Ever Given’s owner is trying to limit its liability.
ever given
Posted inBusiness, Nation / World
With ship now freed, a probe into Suez Canal blockage begins
Experts have boarded a colossal container ship that had blocked the Suez Canal for nearly a week before it was dislodged
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Posted inBusiness, Nation / World
Salvage teams free Ever Given from the banks of the Suez Canal
Canal service provider says container ship in Suez set free.
Posted inBusiness, Nation / World
Suez Canal Crisis: How 1 ship halted about 10% of global trade
As of Monday morning, the cargo container ship is afloat and free in the Suez Canal in Egypt.
Posted inOp-Eds, Opinion
The Suez logjam shows how fragile our global trade system is
The grounding of the Ever Given has graphically shown the world, once again, how vital the maritime supply chain is, not just to those receiving the goods from a particular vessel, but to everyone — and how easily a disruption can occur that affects us all.
Posted inNation / World
As shippers avoid Suez Canal, 2 tugboats on way to help free Ever Given
The tugboats will nudge the quarter-mile-long Ever Given as dredgers continue to vacuum up sand from underneath the vessel and mud caked to its port side.
Posted inBusiness, Nation / World
Suez Canal mishap puts battered supply chains under more pressure
If the blockage persists, the disruption could ripple through the global economy, affecting the flow of oil, chemicals, apparel, iron ore and manufactured goods.
Posted inNation / World
No timeline given for extracting wedged ship from Suez Canal
A Dutch salvage firm is attempting to refloat the vessel with tugboats and dredgers, taking advantage of high tides.
Posted inNation / World
Plan made to refloat ship blocking Suez Canal using tide
The Ever Given, owned by a Japanese firm, got wedged Tuesday in a single-lane stretch of the canal, about 3.7 miles north of the southern entrance.
Posted inBusiness, Nation / World, News
Product supply chains could be hit if ship can’t be freed from Suez Canal soon
The effects are likely to be felt around the world, but the trade disruptions will less directly impact the United States, which receives most shipments from Asia on the West Coast.