Egypt seizes Suez ship Ever Given pending $900 million payment
A spokesman for Japanese owner Shoei Kisen Kaisha declined to comment on compensation while discussions with the Suez Canal Authority are underway.
Suez Canal chief suggests 'mistake' by captain in ship's stranding
The Ever Given container ship became stuck in the vital international waterway in late March.
Was the Suez container ship crisis unforeseeable?
Last week, a massive container ship wedged itself between both banks of the Suez Canal in Egypt, completely blocking the waterway and affecting 10% of the world’s trade traffic. I could not keep silent about the matter, having been to the canal several times, ...
Stuck in the Suez, a warning to the world
The closure is not unprecedented. The Suez canal has been blocked five times: three times by accidents and twice because of regional politics.
End of Suez snarl marks beginning of new stress on global trade
In its wake, the Ever Given leaves several weeks or months of disruptions across a world economy where the pandemic revealed both the sturdy backbone of global trade and an Achilles’ heel.
By the end of the drama, the tailback of ships had reached 425 at the two ends of the canal.
Suez ship partly refloated in first step toward reopening canal
There was no immediate clarity on the crucial question of when traffic in the canal will restart.
When a desert wind blew $10 billion of global trade off course
The grounding highlighted the fragility of a global network of markets and economies that takes for granted the flow of goods through it.
Japanese firms fear logistics disruption as Suez Canal blockage continues
Toyota, Nissan and Mitsubishi Motors all use the canal for exports and the major automakers are still gathering information on the impact of the incident.
Suez Canal steps up efforts to free stuck vessel as U.S. watches energy market impact
Dredging and tugging aimed at freeing a mega-vessel stuck in the Suez Canal failed on Friday to end a blockage that has lifted shipping rates for fuel tankers and scrambled global supply chains for everything from grains to baby clothes. U.S. President Joe Biden said ...
Massive ship blocking Suez Canal paralyzes trade for another day
The situation has gotten so desperate that an elite salvage squad is due to arrive Thursday to work on prising the Ever Given from the bank of the canal.
