London (CNN Business) The Ever Given has begun its journey out of the Suez Canal more than three months after it ran aground, clogging up one of the world's most vital trade arteries and disrupting global supply chains. The quarter-mile long container ship , which blocked the Suez Canal for six days in March will now sail to Rotterdam in the Netherlands, with hundreds of millions of dollars worth of cargo still on board. The law firm represents companies and insurers with over $100 million in cargo on the vessel and estimates the total value of goods on board to be over $600 million. The Ever Given ran aground in the Suez Canal on March 23, heaping pressure on strained global supply chains as hundreds of other vessels became ensnared. The vessel was refloated on March 29 but has been held in the canal's Great Bitter Lake amid a legal battle between Japanese ship owner Shoei Kisen Kaisha and the Suez Canal Authority, which initially filed a $900 million compensation claim for losses arising from the six-day blockage.

Source: CNN July 07, 2021 10:23 UTC