A representative for the Ever Given cargo ship announced Sunday that a solution has officially been reached with the Suez Canal Authority (SCA) over compensation to Egypt’s authorities for the blockade of the waterway. According to Reuters, representative of the ship’s owners and its insurance agencies said that preparations will be made to release the ship being held in Egypt. Earlier on Sunday, the Ismailia Economic Court decided to postpone hearings of the SCA Canal lawsuit against the Ever Given to July 11 to allow the parties finalize the settlement. The head of the SCA Osama Rabie said in May that the authority is engaged in a lawsuit dispute against the container ship Ever Given over
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