Suez ship’s Japan owner braces for ‘thousands’ of legal claims
The scale of future litigation was laid bare at a court hearing, where lawyers won an order to put potential claims on hold for two months.
Ever Given container ship under way for departure from Suez Canal
The Suez Canal Authority had held the ship under court order as it pursued a compensation claim, creating a dispute with the ship's insurers and Japanese owner Shoei Kisen.
Egypt had retained the vessel seeking compensation from Japanese firm Shoei Kisen Kaisha for lost revenues and the cost of salvaging it.
Suez Canal and Ever Given ship owners reach deal on compensation
The two sides will finalize an agreement "as soon as possible,” after which arrangements will be made to let the ship leave Egypt
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.
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.
Diggers and dredgers struggle to free ship blocking Suez Canal
At least 369 vessels are waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers and LNG or LPG vessels.
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.
