The owner of the Ever Given, the cargo vessel that got stuck in the Suez Canal for a week and sparked an international shipping crisis hampering global trade, is expected to be slammed with several legal claims.
MV Ever Given finally departed from Egyptian waters at 4 am local time after inspections at Port Said. MarineTraffic, a shipping tracker, showed that Ever Given was already underway in the Mediterranean Sea.
Ever Given, the container ship that had earlier blocked the Suez Canal and been detained in March is about to resume its journey on Wednesday after insurers and owners had reached a compensation settlement with the canal authority.
ICS has welcomed the settlement reached between the SCA and Shoei Kisen Kaisha Ltd., owner of the Ever Given – the ship which became stranded in the Suez Canal in March 2021 – which means the ship and its crew can now continue on its journey.
Egyptian officials are all set to release the Panama-flagged mega-container ship Ever Given at a special ceremony on Wednesday. The vessel had been seized following its blocking of the Suez Canal.
The insurers and owners of the 400-meter longship that had earlier blocked the Suez Canal, disrupting global trade, have eventually reached a preliminary deal with the SCA to release it.
About $780 million worth of goods belonging to companies like Ikea and Lenovo are still stuck on the Ever Given currently impounded in Egypt following its blockage of the Suez Canal around late March.
The speed of the Ever Given, a container ship that blocked the Suez Canal earlier in March was being controlled by the Egyptian waterway’s operator when it got stuck, the ship’s insurer confirmed on Thursday.
As the painstaking litigation regarding the SCA demanded compensation for the Ever Given ship grounding continues, the Canal Authorities have revealed that there is still room for negotiation.