The Ever Given floats free—again—after Egypt agrees to a settlement ...Middle East

Quartz - Economy
The Ever Given floats free—again—after Egypt agrees to a settlement
source : Quartz ( Middle East ) () 15
The Ever Given spent six days stuck in the Suez Canal. Then it spent more than three months stuck in the Suez Canal’s bureaucracy. Egypt’s Suez Canal Authority (SCA) had refused to release the container ship and its cargo and crew without being paid salvage fees and damages worth nearly $1 billion.On July 5, after rounds of legal proceedings and negotiations, the Ever Given’s owners and insurers reached a compensation agreement with the SCA, which will set the 220,000-ton megaship free once more.How much did the Ever Given blockage cost?Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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