suez canal cargo ship News

Suez Canal Authority Is Open to Further Talks with Owners of Seized Container Ship

CAIRO – The Suez Canal Authority (SCA) said on Tuesday it was still open to negotiating with the owners of a giant container ship which blocked traffic in the waterway for six days in March despite an ongoing litigation process …

Egypt Court Rejects Appeal to Release Giant Container Ship Seized by Suez Authority

An Egyptian court rejected an appeal by the owner of a giant container ship that blocked the Suez Canal to allow it to leave the country, as a legal dispute over compensation continues. Sunday’s ruling marked the second time Japan’s …

Insurer UK Club Says Suez Canal Ship’s Reduced Claim Is Still Too Big

CAIRO – UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related …

Insurer Disappointed After Egyptian Court Upholds Detention of Tanker Ever Given

CAIRO – An Egyptian court on Tuesday ruled that the container ship which blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner against its detention, a judicial source …

Suez Canal Chief Hopes Insurer, Owner of Detained Cargo Ship Reach Deal

The head of the Suez Canal Authority (SCA) said on Monday he hoped talks would soon yield an agreement with the owner and insurer of a giant container ship which is still being detained since it blocked the waterway for …

Insurer for Ever Given Container Ship Appeals Detention by Egypt After Suez Grounding

LONDON – UK Club, an insurer of the Ever Given cargo ship which ran aground in the Suez Canal in March, said on Friday it had filed an appeal in an Egyptian court over the detention of the vessel by …

Seized Suez Ship Declared Fit for Onward Passage (Once Compensation Is Paid)

CAIRO – The cargo vessel that blocked global shipping in the Suez Canal and is caught in a legal dispute in Egypt is fit to sail once approval is given, its technical manager said on Wednesday. The Ever Given was …

Update: Egypt Seizes Container Ship that Blocked Suez, Pending $916M Compensation

Egypt seized a giant container vessel that blocked the Suez Canal last month as it sought compensation of more than $900 million. A court in the city of Ismailia granted a seizure request regarding the Ever Given vessel at the …

Suez Canal Authority Still in Talks About Compensation for Grounding of Container Ship

Egypt is still in talks about compensation stemming from the operations to free the giant container ship whose stranding in the Suez Canal for nearly a week roiled global cargo markets, the canal authority’s chief said Monday. It’s likely that …

Huge Ship That Blocked Suez Canal Will Be Held Until Compensation Deal Is Reached

Egypt will release the giant container ship that had blocked the Suez Canal for nearly a week once a deal is reached on compensation for related losses, the head of the canal’s authority said. “The ship is ready,” Osama Rabie …