Suez Canal authorities announced the release of a shipping vessel that blocked the crucial east-west waterway for nearly a week earlier this year. The Ever Given is leaving the Suez Canal after its Japanese owner, Shoei Kisen Kaisha Ltd, reached a settlement with the canal authorities over a compensation amount after more than three months of negotiations and a court standoff. The settlement deal was signed in a ceremony in the Suez Canal city of Ismailia, after which the vessel was seen sailing to the Mediterranean. Expand Close A digger being used to free the Ever Given (Suez Canal Authority/PA) / FacebookTwitterEmailWhatsapp A digger being used to free the Ever Given (Suez Canal Authority/PA)It has been since held amid a dispute over financial compensation. The money, according to canal authorities, would cover the salvage operation, costs of stalled canal traffic, and lost transit fees for the week the Ever Given had blocked the canal.

Source: Irish Independent July 07, 2021 10:41 UTC