Shipping Containers Plunge Overboard as Supply Race Raises Risks April 27, 2021 By Ann Koh Containers piled high on giant vessels carrying everything from car tires to smartphones are toppling over at an alarming rate,...
Insurer for Ever Given Container Ship Appeals Detention by Egypt After Suez Grounding April 23, 2021 LONDON – UK Club, an insurer of the Ever Given cargo ship which ran aground in the Suez Canal in...
Philippine Rescuers Find Bodies of 4 Crew Members of Abandoned Cargo Ship; 9 Missing April 22, 2021 MANILA, Philippines – Rescuers in the southern Philippines found the bodies of four crew members Wednesday and rescued seven others...
Seized Suez Ship Declared Fit for Onward Passage (Once Compensation Is Paid) April 14, 2021 CAIRO – The cargo vessel that blocked global shipping in the Suez Canal and is caught in a legal dispute...
Update: Egypt Seizes Container Ship that Blocked Suez, Pending $916M Compensation April 13, 2021 By Tarek El-Tablawy and Alex Longley Egypt seized a giant container vessel that blocked the Suez Canal last month as it sought compensation of more than...
Suez Canal Authority Still in Talks About Compensation for Grounding of Container Ship April 12, 2021 By Abdel Latif Wahba Egypt is still in talks about compensation stemming from the operations to free the giant container ship whose stranding in...
Huge Ship That Blocked Suez Canal Will Be Held Until Compensation Deal Is Reached April 9, 2021 By Mirette Magdy Egypt will release the giant container ship that had blocked the Suez Canal for nearly a week once a deal...
Suez Canal Blockage Continues to Disrupt Global Trade, Hitting Supply Chains April 9, 2021 By Jonathan Saul and Timothy Aeppel LONDON/LOS ANGELES – A backlog of container ships carrying consumer goods has grown in some key strategic ports after a...
Reinsurers Will Bear Most of Costs of Container-Ship Grounding in Suez Canal April 8, 2021 By Jonathan Saul and Carolyn Cohn LONDON — Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic...
Egypt Seeks Out-of-Court Settlement with Owners of Huge Ship that Blocked Suez Canal April 7, 2021 By Samy Magdy ISMAILIA, Egypt – The Suez Canal chief said Tuesday that authorities are negotiating a financial settlement with the owners of...